A leaked memo means that weight reduction firm Jenny Craig could also be shedding greater than kilos.
Within the doc seen by NBC News, the corporate said that it is seeking to get acquired and “has been going by means of a gross sales course of for the final couple of months.” Staffers alerted the outlet that whispers of layoffs has been taking place for weeks.
“It will seemingly affect all workers in some method,” the doc said. “We have no idea the precise workers/teams whom will likely be impacted, and if any workers could also be retained. Consequently, we might counsel that you just anticipate that your employment could also be impacted and start to hunt different employment.”
The word additionally mentioned that workers will likely be eligible for severance “primarily based on job degree and tenure with the corporate,” with out additional elaborating.
In keeping with Bloomberg, Jenny Craig might file for chapter as early as subsequent week, noting that the corporate at the moment has round $250 million in debt.
The corporate mentioned Friday morning that it was seeking to shift towards a stronger e-commerce mannequin and shrink back from its conventional brick-and-mortar areas — the present Jenny Craig shopper course of depends on clients coming into bodily areas to fulfill with their weight reduction coaches.
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The burden loss firm relies in Carlsbad, California, and at the moment operates over 500 areas within the U.S. and Canada, together with each franchised and company-owned.
Jenny Craig didn’t instantly reply to Entrepreneur’s request for remark concerning potential layoffs or an acquisition.
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Supply: Entrepreneur