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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. Bye bye, Jenny

Bye bye, Jenny

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  • George KG Offline
    George KG Offline
    George K
    wrote on last edited by
    #1

    https://www.nbcnews.com/business/business-news/jenny-craig-shutting-down-employee-layoffs-details-rcna82603

    Jenny Craig will close its doors after four decades in the weight loss and nutrition business, according to internal communications to employees reviewed by NBC News.

    In an email sent to employees late Tuesday, the company said it will close “due to its inability to secure additional financing.” Jenny Craig corporate and salaried field employees' last day will be Friday, and hourly center employees’ last day working was Tuesday. The company operated about 500 company-owned and franchised stores in the United States and Canada, according to H.I.G. Capital when it acquired Jenny Craig for an undisclosed amount in April 2019. It now employs more than 1,000 people.

    Last week, corporate employees at the company’s Carlsbad, California, office received a WARN Act notice that the company would be closing the office June 24, but may close as soon as Friday. A FAQ was also sent by Jenny Craig to employees, explaining that it would wind down physical operations to transition to an e-commerce model.

    For the past two weeks, Jenny Craig had been running out of money as it searched for a buyer. Bloomberg Law reported last month that the company was pursuing a sale. Two current Jenny Craig corporate employees say they fear the company will file for bankruptcy by the end of the week.

    "Now look here, you Baltic gas passer... " - Mik, 6/14/08

    The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

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    • CopperC Offline
      CopperC Offline
      Copper
      wrote on last edited by
      #2

      Fat is in

      Obesity is all the rage

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