Neutrogena moves headquarters from California to NJ
Neutrogena, a well known skincare model, is making important modifications as its mother or father firm, Kenvue, consolidates operations to New Jersey. Because of this, the model will probably be closing its Los Angeles headquarters, resulting in the elimination of 84 positions efficient April 11. Nevertheless, 74 of the impacted staff have acquired relocation affords and job alternatives at different firm places, in keeping with Bloomberg.
A spokesperson for Kenvue said, “We’re evolving our operations to achieve extra customers, optimize collaboration, broaden expertise and profession alternatives for all Kenvue staff, and drive sustainable development. As a part of this evolution, we will probably be consolidating operations from different websites to our future world headquarters in Summit, New Jersey.” The corporate is dedicated to offering sources and help to these affected by the modifications.
Kenvue, a by-product of Johnson & Johnson’s shopper well being enterprise, is about to maneuver into a brand new 290,000-square-foot house subsequent 12 months. This 46-acre campus will home company personnel and supply laboratory house to help analysis and improvement efforts.
With a model portfolio that features in style names reminiscent of Aveeno, Band-Support, Listerine, Tylenol, and Benadryl, Kenvue is a key participant within the shopper well being trade. In 2024, the corporate reported annual income of $15.44 billion, with a internet earnings of $1.64 billion.
Regardless of its total success, Kenvue is dealing with challenges in its pores and skin well being and sweetness phase, with an 8% drop in natural gross sales in the newest quarter. The corporate can be restructuring different elements of its enterprise, resulting in the elimination of 51 positions at its Skillman location this spring.
February additionally noticed Kenvue and Catalent saying plans for workforce reductions in New Jersey. These modifications signify a interval of transformation and development for the corporate because it navigates the evolving shopper well being panorama.
