Weight loss company Jenny Craig to shut down corporate offices
Weight loss giant Jenny Craig may shutter its corporate offices as early as Friday as part of a likely transition to an e-commerce company, ABC News has learned.
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In an FAQ sent to employees on Tuesday and obtained by ABC News, Jenny Craig said it is beginning "the process of winding down physical operations, likely transitioning to an e-commerce model.”
“We do not know the exact employees/groups whom will be impacted, and if any employees may be retained,” the FAQ tells employees. "As a result, we would suggest that you anticipate that your employment may be impacted and begin to seek other employment."
-the company has approximately 600 centers globally, with nearly 500 company-owned and franchised locations in the U.S. and Canada, Jenny Craig said in a press release earlier this year.
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Jenny Craig is saddled with $250 million in debt and has been looking for a buyer, Bloomberg Law reported in March.
The weight loss industry is going through changes, as the obesity drug business has exploded in popularity.
The U.S. Food and Drug Administration has approved Ozempic, also known as semaglutide, as a treatment for Type 2 diabetes alongside diet and exercise if other medications cannot control blood sugar levels well enough.
https://www.msn.com/en-us/money/companies/weight-loss-company-jenny-craig-to-shut-down-corporate-offices/ar-AA1azxsA
