Jenny Craig Warns Employees of Mass Layoffs, May File Bankruptcy Protection

Jenny Craig is apparently alerting its workers of mass layoffs as the weight reduction business unwind a few of its operations.

The weight reduction business, which was established in 1983, is searching for a purchaser.

Jenny Craig might submit chapter 11 insolvency defense if it can not discover a purchaser for its possessions.

Jenny Craig supposedly has $250 countless financial obligation.

It is uncertain the number of the 500 weight-loss focuses it will be closing.

Industry specialists state antidiabetic medications like Wegovy and Ozempic, which are likewise utilized to deal with individuals who fight with weight problems, have actually interfered with the weight reduction market.

NBC News reported:

Jenny Craig has actually informed staff members to prospective mass layoffs as it starts “unwinding physical operations” and searches for a purchaser, according to interactions the weight-loss business sent out some staffers today.

The business stated it “has actually been going through a sales procedure for the last number of months,” according to a file entitled “Jenny Craig Company Transition FAQs” that was dated Tuesday and offered to NBC News.

Several Jenny Craig staffers stated the business notified them in current days about prospective layoffs.

The FAQ file stated: “While we needed to release Warn Notices particularly for websites where we had more than 50 individuals possibly affected, this will likely affect all staff members in some way.

” We do not understand the specific employees/groups whom will be affected, and if any workers might be kept. As an outcome, we would recommend that you prepare for that your work might be affected and start to look for other work,” it stated.

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