Nu Skin, a Provo-based multilevel marketing company, began laying off employees on Monday.
The skin care product company’s spokesperson said that Nu Skin would not comment until an upcoming earnings call on Aug. 4. But an employee who answered the business support line number confirmed that there had been layoffs.
It is not clear yet the size of the staffing reductions at Nu Skin, but they follow March layoffs at two related businesses: Grōv Technologies and Stellar Smart Energy Solutions, both in Vineyard.
Vertical farming company Grov Technologies — whose parent company is Nu Skin — laid off 115 of its employees, according to the Utah Department of Workforce Services. Stellar Smart Energy Solution, which is the lighting division of Grōv Technologies, laid off six employees, DWS reported.
In other layoffs so far this year, Traeger Grills laid off staff last month. Housing brokerage company Homie laid off nearly a third of its employees in February. Government services company Maximus laid off 504 employees in April, Workforce Services reported.
Wayfair also began a 90-day hiring freeze in May, Bloomberg reported.
Nu Skin’s CEO Ryan Napierski said in a statement earlier last month that the company’s second quarter revenue was “softer than expected” with ongoing complications due to COVID-19 and stress in Europe with the conflict in Russia and Ukraine.
“Although we are disappointed in our second quarter results, we are encouraged by growth in our Southeast Asia region and ongoing momentum in the U.S., particularly given the inflationary environment,” he added at the time.
In early March, Nu Skin announced it had “suspended our operations in Russia effective immediately.”
Several employees announced on LinkedIn this week, though, that they were being let go from the company.
“Today I was unexpectedly part of a company-wide workforce reduction at Nu Skin,” wrote a marketer for the company. “I have loved my time with Nu Skin and I will always be grateful for the people I worked with and the experiences I had.”
“I was laid off from Nu Skin today,” another staffer wrote. “After 16 years I was informed that reductions in spending have cut investments in my area and that means my position has been eliminated as well.”
One employee added that “after four great years with Nu Skin I am looking for a new role.” Another posted: “I was unfortunately one of the many that were laid off yesterday. It was a fantastic experience and I consider myself fortunate to have worked with such an amazing team.”
Leto Sapunar is a Report for America corps member covering business accountability and sustainability for The Salt Lake Tribune. Your donation to match our RFA grant helps keep him writing stories like this one; please consider making a tax-deductible gift of any amount today by clicking here.
