Utah-based Nu Skin starts laying off employees

Utah-based Nu Skin starts laying off employees

The CEO for the skin care company in Provo said in an earlier statement that revenue has been “softer than expected.”

(Kelly Cannon | The Salt Lake Tribune) The Nu Skin corporate headquarters building in downtown Provo on Aug. 2, 2022.

Nu Skin, a Provo-based multilevel marketing company, began laying off employees on Monday.

The skin care product company’s spokesperson said that the company 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’s not clear yet the size of the staffing reductions at Nu Skin, but they mark another in a series of large layoffs at Utah companies this year.

Traeger Grills laid off staff last month. Housing brokerage company Homie laid off nearly a third of its employees in February. Vertical farming company Grov Technologies laid off 115 of its employees in March, and government services company Maximus laid off 504 employees in April, both according to the Utah Department of Work Services.

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.

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 in public relations for the company posted: “I was unfortunately one of the many that were laid off yesterday.”

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.

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