Jenny Craig appears to be shedding greater than kilos.
The burden-loss company warned staffers to search for other employment opportunities because it prepares for potential mass layoffs.
The private equity-owned company said it didn’t know “if any employees could also be retained” because it begins preparations to shutter its physical operations in internal communications obtained by NBC News.
“We have no idea the precise employees/groups whom can be impacted, and if any employees could also be retained. In consequence, we might suggest that you simply anticipate that your employment could also be impacted and start to hunt other employment,” stated Tuesday’s document titled “Jenny Craig Company transitions FAQs.”
Though Jenny Craig’s policy is to dole out severance pay based on employees’ job level and time with the corporate, the forthcoming laid-off staffers may not receive any.
“Right now, it is very unlikely that these can be paid,” in response to the document.
Several employees told NBC News they were recently notified in regards to the potential job loss as the corporate has been trying to find a buyer.
Jenny Craig told staffers it is going to begin “winding down physical operations.”Bloomberg via Getty Images
Employees were advised to look for brand new employment as the corporate prepares for potential mass layoffs. Bloomberg via Getty Images
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 might be impacted by the potential layoffs, but added that every one employees will likely be impacted “in some manner” within the FAQs document.
The federal WARN Act requires employers with 100 or more staffers to offer employees a heads-up about potential layoffs or worksite closure two months upfront.
The corporate also stated within the documents that it “has been going through a sales process for the last couple of months.” Bloomberg Law reported last month that Jenny Craig was searching for potential buyers because it grappled with “money flow pressures.”
The weight-reduction plan brand founded within the ’80s is thought for its frozen meals and weight-loss plans. Bloomberg via Getty Images
The corporate had about 500 locations within the US and Canada in 2019 when it was bought by a non-public equity firm.Bloomberg via Getty Images
The California-based company was bought in April 2019 by HIG Capital, a $55 billion private equity firm, for an undisclosed amount, in response to NBC News.
On the time, the corporate operated about 500 locations — each company-owned and franchised — within the US and Canada.
The physical stores offer customers personalized weight-reduction plan plans and consultations with coaches in addition to prepackaged meals promising weight reduction. One anonymous worker told the outlet his team was told to stop accepting recent clients at their location.
