Jenny Craig tells staffers it is winding down its weight-loss centers and warns of mass layoffs

[BumRushDaShow]

Source: NBC News

Jenny Craig has alerted employees to potential mass layoffs as it begins “winding down physical operations” and hunts for a buyer, according to communications the weight-loss company sent some staffers this week.

The company said it “has been going through a sales process for the last couple of months,” according to a document titled “Jenny Craig Company Transition FAQs” that was dated Tuesday and provided to NBC News. Several current Jenny Craig staffers told NBC News that the company alerted them in recent days about potential layoffs.

“While we had to issue Warn Notices specifically for sites where we had more than 50 people potentially impacted, this will likely impact all employees in some manner,” the FAQ document said. “We do not know the exact employees/groups whom will be impacted, and if any employees may be retained. As a result, we would suggest that you anticipate that your employment may be impacted and begin to seek other employment,” it said.

The federal WARN Act generally requires employers with at least 100 staffers to give workers 60 days’ notice of potential mass layoffs or worksite closures.

Read more: https://www.nbcnews.com/business/business-news/jenny-craig-layoffs-company-warns-employees-seeks-buyer-rcna81757

[Grokenstein]

1. Good. RESULTS GUARANTEED*

*Results not actually guaranteed. Mass-produced simple solutions for complex problems may not work. Probably won't work.

[FSogol]

3. They probably realized they can make just as much with a crappy app than weight loss centers

with employees and other costs.

[GenThePerservering]

2. Wow - I didn't even know they were still around

years and years ago a coworker brought in some extra Jenny Craig food she had, and some was good, and some was awful.

[dembotoz]

4. wonder if ozempic did them in

curious that folks will get this jab and pay lots for it and avoid the free covid booster.....

[progree]

5. Acquired by a private equity firm in 2019 --

From the article in the OP:

The company, based in Carlsbad, California, was acquired by H.I.G. Capital, a $55 billion private equity firm, for an undisclosed amount in April 2019.

Unfortunately the article doesn't give a hint of what did it in. Other than the private equity takeover which is usually what kills the acquired companies.
============================================

https://www.amazon.com/These-Are-Plunderers-Runs_and-Wrecks_America/dp/1982191287
These Are the Plunderers: How Private Equity Runs―and Wrecks―America Hardcover – April 25, 2023
by Gretchen Morgenson (Author), Joshua Rosner (Author)


I heard a 5-10 minute segment of an interview Morgenson had with Terry Gross of NPR's "Fresh Air" a couple days ago, and it was awful - private equity taking over hospitals, physicians practices, nursing homes. Just in the segment I listened to.

[The Jungle 1]

6. Ozempic and Wegovy

[Nelliedog]

7. Trimming the fat?

?