The party’s over for Party City.

The New Jersey-based retailer, which had more than 850 locations globally as of August this year, will shutter all its stores after running out of money to stay in operation, according to CNN.

Barry Litwin, the company’s chief executive officer, told corporate employees on Friday that Party City is “winding down” operations immediately and that today will be their last day of employment.

“That is without question the most difficult message that I’ve ever had to deliver,” Litwin said at the meeting, which was held on a video conference call.