May 19, 2020
WW International Inc. said last Friday it plans to lay off workers and eliminate jobs worldwide as it tries to cut costs amid the economic devastation caused by the Coronavirus pandemic. The company formerly known as Weight Watchers said it expects to spend about $12 million in employee-termination payments and other expenses. WW said it expects to be done with the workforce cuts by the end of fiscal 2020. It did not detail how many people would lose their jobs or how many positions would be eliminated.
The company also said it is planning for a smaller physical footprint (i.e. retail Studios where customers attend group meetings).
In other news, Oprah Winfrey announced Oprah's Your Life in Focus: A Vision Forward – Live Virtual Experience, a free, interactive, four-week virtual experience inspired by her sold-out national arena tour with WW International. Oprah will host a live, weekly, ninety-minute digital event on consecutive Saturdays from May 16 to June 6 starting at 11am ET/8am PT inspiring audiences to reclaim their path to self-care in the face of unprecedented change. The series is presented and produced by WW.
Throughout the four weeks, Oprah will share lessons in wellness that are carrying her through this moment and lead audiences through interactive workbook exercises to help them find ways to live their healthiest and most well lives during these challenging times. The weekly event will also feature Oprah live in conversation with attendees across the globe, stories of transformation, at-home wellness experiences, and talks with headline makers and thought leaders
To join the free global experience, visit ww.com/oprah to register. Event participants will receive free digital workbook exercises to coincide with the weekly topic and a free 30-day WW trial offer. The series will be hosted as a Zoom Video Webinar and live streamed on Oprah's Facebook channel and WW's Facebook and YouTube channels. The four sessions will remain available for on demand viewing across all platforms
For More Information About Commercial Weight Loss Companies Like WW..
... See Marketdata LLC's 2019 report: "The U.S. Weight Loss & Diet Control Market", with a description and Table of Contents available at: marketdataenterprises.com/studies. Or call Research Director, John LaRosa, at: 813-971-8080. Marketdata has tracked medical and commercial weight loss programs, and retail diet products, since 1989. Marketdata also performs custom research projects (free proposals), consulting, and teleconferences.