, per prior Business Insider reporting. 55% to 60% of those stores will be located in malls, the analysis forecasted. 2020 has had a profound impact on us all, both personally and professionally. Our business has been frustrated, interrupted and constrained.
While many companies were quick to implement furloughs and layoffs at the onset of the pandemic, we made the conscious decision to keep all our team employed while we gained a better understanding of its longer-term impact on our company. After thoughtful consideration, we have reached the heavy decision to reduce the size of our workforce to align with the future scale of our portfolio.
We hold all our team members in the highest regard. Therefore, we are providing full severance in amounts consistent with the company's policy, accelerating the vesting of pre-merger equity grants and supplying transition support including career workshops and one-on-one coaching for all impacted team members.
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