Jenny Craig “Winding Down Physical Operations”, Mulling Bankruptcy

Iconic weight loss company Jenny Craig is shedding some pounds of its own, it was reported this week. The company is going to be “winding down physical operations” and is reportedly looking for a buyer, according to NBC News.

The company’s employees have been warned about “potential mass layoffs”, the report says, noting that the company says it “has been going through a sales process for the last couple of months.”

A company FAQ document related to the transition said: “While we had to issue Warn Notices specifically for sites where we had more than 50 people potentially impacted, this will likely impact all employees in some manner.”

It continued: “We do not know the exact employees/groups whom will be impacted, and if any employees may be retained. As a result, we would suggest that you anticipate that your employment may be impacted and begin to seek other employment.”