Looks like Jenny Craig is losing greater than kilos.
The load loss company has warned employees to search for other job opportunities as they prepare for potential mass layoffs.
The private equity firm said it didn’t know “if any employees could possibly be retained” because it begins preparations to close its physical internal communications operations obtained by NBC News.
“We do not know the precise employees/groups that will likely be affected or if any employees could also be retained. As such, we advise that you just anticipate that this might affect your employment and begin on the lookout for other employment,” reads Tuesday’s paper titled “Jenny Craig’s Changes Continuously Asked Questions”.
While Jenny Craig’s policy is to pay severance payments based on worker performance and time spent with the corporate, laid off employees may not receive them.
“In the intervening time it is extremely unlikely that they will likely be paid,” according to the document.
Several employees told NBC News that they were recently notified of a possible job loss as the corporate looks for a buyer.
Jenny Craig, which was founded in Australia in 1983, issued “Alert Notices” – as required by federal law – at its locations where 50 or more employees could possibly be affected by potential layoffs, but added that every one employees would likely will likely be affected “in a roundabout way” within the FAQ.
The federal WARN Act requires employers with 100 or more employees to notify employees of potential layoffs or plant closures two months prematurely.
The corporate also stated within the documents that it had “been going through the sale process for several months.” Bloomberg law said last month that Jenny Craig was on the lookout for potential buyers as she was scuffling with “money flow pressure”.
The California-based company was purchased in April 2019 by HIG Capital, a $55 billion private equity firm, for an undisclosed sum, according to NBC News.
At the moment, the corporate operated in roughly 500 locations – each owned and franchised – in the USA and Canada.
Physical stores offer customers personalized food regimen plans and consultations with trainers, in addition to ready-made meals promising weight reduction. One anonymous worker told the power that his team had been told to stop accepting recent customers at their location.