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Forever 21 will close its headquarters in Downtown Los Angeles' Fashion District and lay off 358 employees. 

An unknown number of remaining employees will work remotely once the office in the California Market Center closes, the Daily Breeze reported. The closure comes as the company is reportedly in talks with liquidators and mulling a second bankruptcy that could shutter its remaining 350 stores.

The parent company for Forever 21, Sparc Group, leased 164K SF of office in the California Market Center in 2022. That space was supposed to house Forever 21 employees as well as West Coast employees for apparel company Lucky Brand.