Neutrogena Is Closing Its Los Angeles Office and Laying Off Staff

Neutrogena is completely closing its Los Angeles workplace as dad or mum Kenvue Inc. consolidates operations to New Jersey.

The closure is leading to 84 layoffs, in keeping with a employee notification doc seen by Bloomberg Information. Of these staff, 74 have been provided relocation and employment at different firm places.

Kenvue, which owns client manufacturers akin to Tylenol, and Aveeno, is shifting its headquarters to a renovated workplace constructing and newly constructed analysis and improvement facility in Summit, New Jersey. The corporate is presently based mostly in Skillman, New Jersey.

Closing the workplace is a part of Kenvue’s effort to spice up development and enhance collaboration, a spokesperson mentioned in an emailed response to questions from Bloomberg. “Choices that affect our staff are by no means simple.”

Neutrogena gained recognition within the ‘80s and ‘90s, and was acquired by Johnson & Johnson in 1994. It benefited from the consumer-health large’s deep advertising pockets and product-development prowess. Extra not too long ago, nonetheless, the model has faltered amid provide shortages which have brought on retailers to take Neutrogena gadgets off the cabinets and exchange them with merchandise from rivals akin to CeraVe and Hero. Kenvue was spun off from J&J final 12 months.

Neutrogena’s struggles have weighed on Kenvue’s outcomes, with the dad or mum reporting an 8 % drop in natural gross sales for its pores and skin well being and wonder section in the newest quarter. Kenvue inventory has declined 6.8 % this 12 months and eight.8 % from its preliminary public providing final Might.

Kenvue can also be dismissing 51 staff at its present headquarters in Skillman, New Jersey, this spring, and says different components of the enterprise are additionally being restructured.

By Leslie Patton

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