(New York) (AP) — Toys R Us’s management has told its employees that it will sell or close all of its U.S. stores.

That’s according to a toy industry analyst who spoke to several employees who were on the call Wednesday.

Jim Silver, a toy industry expert, says Toys R Us’s CEO told employees the plan is to liquidate all of its U.S. stores and after that, it could do a deal with its Canadian operation to run some of its U.S. stores.

Toys R Us is planning to sell or close all 800 of its U.S. stores, affecting as many as 33,000 jobs as the company winds down its operations after six decades. Toys R Us has a store in Danville on Executive Drive.

The chain filed for Chapter 11 bankruptcy protection last fall, saddled with nearly $8 billion in debt that hurt its attempts to compete.

There were reports earlier this week that Toys R Us had stopped paying its suppliers, which include the country’s largest toymakers.

In January, the retailer announced it would close182 U.S. stores, or about one-fifth of its remaining Toys R Us and Babies R Us locations