Is Jenny Craig going out of business? We know this blog may contain pernicious news for people who rely on Jenny Craig for weight management. Have you heard anything about Jenny Craig’s Closure? If not, then this blog is for you! This blog will delve further into Jenny Craig and its closure.
We have covered almost everything related to Jenny Craig and its closure. We hope we’ll be able to answer all your questions that are dominating your mind right now!
This year may prove to be an apocalypse for those who still belong to weight management companies and products because previously, we got news of the discontinuation of Wegovy and now the corporate offices of Jenny Craig.
As we all know, one of the most prominent humans in weight loss history is Jenny Craig, an American weight loss guru born in Berwick, Louisiana but living in New Orleans. In 1979 she married Sidney Craig. After four years, both set up together a nutrition, fitness, and weight loss program in Australia and spread their business to the United States in 1985 (After a couple of years of establishment). In 2006, Jenny Craig Inc. became a vital part of another nutrition company, i.e., Nestle Nutrition.
This weight loss, weight management, and nutrition company have over 700 management centers/ corporate offices in various countries, including Canada, the United States, Australia, and New Zealand.
Jenny Craig offers various programs and individually combines weight management counseling with special types of food, including frozen meals delivered to customers and in their ce located differently.
Key Points:
Founder: Jenny Craig
Founded In: 1983 in Melbourne, Australia
Industry: Weight Loss, Weight Management, and Nutrition
Headquartered In: Carlsbad, California, United States
Key People: David Pastrana (CEO)
Number of Employees: 3000+
Parent Company: HIG Capital
Website: jennycraig.com
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Why Jenny Craig Going Out Of Business?
Yes, Weight loss guru Jenny Craig announced that Jenny Craig Inc. would close its corporate offices as soon as possible in 2023.
The FAQ sent to employees by the company said, “We are unaware of how many workers/ groups will be impacted by this act and if any employees may be retained.”
“So, we would like to inform all of those impacted employees that you anticipate your employment may be impacted and start to find another good job/ employment for you,” stated Jenny Craig once in a press release recently.
The company is believed to have more than 600 centers for weight management and weight loss all over the worworldwided 500 company-owned and franchised centers are located in the United States and Canada.
It is also noted that the FAQ offered company-wide contains various links that include unemployment resources for several states in the U.S. and Canada. Additionally, one of the representatives of Jenny Craig Inc. did not respond immediately to a request for comment.
Along with Jenny Craig, several other companies in tech and media have laid off a large number of employees (counts in thousands) this year (2023) by the end of April. Companies, including Amazon, removed 18,000 employees in early January 2023 last month; the company also announced plans to eliminate more than 9,000 employees in 2023.
In an SEC filing, E-commerce company eBay also decided to make this move by eliminating more than 500 employees, or 4 percent of its workforce, by February 27, 2023.
According to the CEO and president of the payment company PayPal, “This payment company has cut down its workforce to 7 percent and also around 2,000 employees by January 31, 2023.
Why Jenny Craig Is Closing Its Corporate Offices?
According to recent news from ABC, Jenny Craig Inc. is shuttering its corporate offices because the company will tranwillto an e-commerce company.
The reports have revealed the reason for its closure, and the WARN(which Stands for Worker Adjustment and Retraining Notification Act, is an act in which large companies/organizations have to inform all their employees by offering them notice before shutting down their business.) Act letters have been sent to the company’s employees stating, “The company has decided to shut down its main Carlsbad, California, company site along with its corporate offices, and this will be the end of the bulk of operations on or about June 24, 2023. But suppose we cannot secure the financing to operate all these corporate offices along with the company site. In that case, there are chances that all the facilities will be shut down before June 24, and it is believed that they have decided to close as early as May 5, 2023.”
It represents that the company is struggling financially and unable to continue its operation for a long time.
Also, in another WARN Act letter, the company said Jenny Craig’s New Jersey facility is also at stake because we’ve intended to shut down the facility on or about July 24, 2023. If the financing issue is there and no improvements are seen, then we shut down possibly as early as May 5, 2023.
In a statement, the founder of Jenny Craig Inc. stated, “the process of winding down physical operations, likely transitioning to an e-commerce model.”
One of the major reasons for its closure is that Jenny Craig has been saddled with 250 million U.S. dollars in debt, and now the company is seeking a buyer for the benefit.
It indicates that the weight loss industry has undergone changes and gained popularity with its obesity drug business.
How Much Did Jenny Craig Sell For?
It was already announced by the company that Jenny Craig is no longer be there as a weight management center, but they are transforming it to an e-commerce model and looking for a buyer for the benefit so; the global private equity firm named, Capital has acquired Jenny Craig with a massive amount, it is estimated that the firm has done this deal with more than 30 billion U.S. dollars of equity capital under management from North Castle Partners.
Jenny Craig Inc. tied the knot 74 years ago and later established the fitness, nutrition, and weight loss enterprise called “Jenny Craig Inc.” in Melbourne, Victoria. Now it is centralized in Carlsbad, California.
What Does Jenny Craig Offer In The Nutritionally Balanced Menus?
Jenny Cragi’s diet has offered programs consisting of a nutritionally balanced diet containing desserts, snacks, entrees, and many other super delicious healthy options that are specially prepared for those who want to lose weight.
We are already aware that other weight loss companies also decided to transform, and it is a sign of major changes in the industry, including diabetes-treating drugs like Ozempic, Wegovy, Rybelsus, etc.
This nutritionally balanced diet offered by Jenny Craig’s price plan varies as a month of Jenny Craig costs you between 389 US dollars to 794 US dollars, the Simple Meal plan costs around 90.96 US dollars or even more for breakfast and lunch, the essential meal plan for breakfast, lunch and dinner meal cost you around 145.89 US dollars.
What Did Employees Broadcast On LinkedIn On Its Closure?
As we all know. Nothing is permanent in this world. Even if something you rely upon for purpose is going away, it may be heartbreaking for all and leave a hole in the heart that can never be filled! Right. Similarly, when employees heard about Jenny Craig’s Closure, they started broadcasting on LinkedIn. Let’s have a look at the following:
Jenny Craig’s field support manager, Amy White, wrote, “I have never been laid off, fired or quit a job without a job, but after more than 17 years with this weight loss company, It is high time to say goodbye and my time has come to an end. This job is new territory for me.” they added, “We all are now looking for better opportunities and also seeking help from the network.”
Another employee wrote, “Hi everyone – I am looking at new opportunities and would like to ask for help and appreciate your support. After being a part of Jenny Craig for 17 years, the ever-expanding company is now downsizing dramatically. Thank you in advance for any connections, referrals, and advice you can offer.”
The Bottom Line
We’ve concluded that Jenny Craig is shutting down its several weight loss centers and sent WARN Act letters to their employees. We can just anticipate how many employees in the United States and Canada will be laid off. Still, we can only assume this will be a massive layoff as the company does not officially announce it.
They are officially closing their around 500 weight loss centers. Those WARN Act letters awakened all the employees, and the company is now on a hunt for a searching a nutshell, we can only assume how many weight loss centers and employees will be impacted by this act of the company as they do not officially disclose it.
The company also stated, “We are focusing on transitioning our retail business to a customer-friendly, e-commerce-driven model. We’ve shared all the information we can with our employees and customers so far. If there is an update, we will share all of them in the coming weeks as our decision and plans are solidified.”