Jenny Craig appears to be shedding more than pounds as it warned employees of potential mass layoffs.
Jenny Craig appears to be shedding more than pounds.
The private equity-owned company said it didn’t know “if any employees may be retained” as it begins preparations to shutter its physical operations in internal communications“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,” stated Tuesday’s document titled “Jenny Craig Company transitions FAQs.
Employees were advised to look for new employment as the company prepares for potential mass layoffs.Jenny Craig, which was founded in Australia in 1983, issued “Warn Notices” — as required by federal law — for its locations where 50 or more employees could be impacted by the potential layoffs, but added that all employees will likely be impacted “in some manner” in the FAQs document.
The company also stated in the documents that it “has been going through a sales process for the last couple of months.”The diet brand founded in the ’80s is known for its frozen meals and weight-loss plans.The company had about 500 locations in the US and Canada in 2019 when it was bought by a private equity firm.The California-based company was bought in April 2019 by HIG Capital, a $55 billion private equity firm, for an undisclosed amount, according to NBC News.
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