NU Skin Enterprises layoffs, on the record
Every job cut, severance charge and restructuring NU Skin Enterprises reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 3,700 to approximately 2,800.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 3,700 | As of December 31, 2023 |
| 10-K for 2024 | approximately 3,100 | December 31, 2024 |
| 10-K for 2025 | approximately 2,800 | As of December 31, 2025 |
Job cuts, severance and restructuring
Our summaryAdopted the 2022 Plan, a global strategic program with workforce reductions and footprint optimization, with charges incurred in 2022 and 2023.
Word for word“In the third quarter of 2022, we adopted a strategic plan to focus resources on our strategic priorities and optimize future growth and profitability.” 10-K for 2023
Our summaryAdopted the 2023 Plan, a global program including workforce reductions, expected to be substantially completed in the first half of 2024.
Word for word“In the fourth quarter of 2023, we adopted another strategic plan to focus resources on our global priorities and optimize future growth and profitability.” 10-K for 2023
Our summaryReduced employee headcount and canceled open positions during restructuring initiatives.
Word for word“During 2023, we engaged in restructuring initiatives, in which we canceled some open job positions and reduced our employee headcount to enable us to operate more efficiently.” 10-K for 2023
Our summaryExited the Grow Tech segment through a restructuring program that included employee severance.
Word for word“In 2021, the Company determined to exit the Grow Tech segment to better align its resources on key strategic initiatives to achieve the future growth objectives and priorities of the core Nu Skin business.” 10-K for 2023
Our summaryRecorded 2018 reorganization severance payments and other expenses tied to reorganizing the Information Technology Department and other corporate and regional offices.
Word for word“We also incurred approximately $22 million in severance payments and other expenses related to the reorganization of our Information Technology Department and other corporate and regional offices.” 10-K for 2023
Our summaryCompany engaged in 2024 restructuring initiatives, canceling some open job positions and reducing employee headcount to operate more efficiently.
Word for word“During 2024, we engaged in restructuring initiatives, in which we canceled some open job positions and reduced our employee headcount to enable us to operate more efficiently.” 10-K for 2024
Our summaryCompany recorded restructuring and impairment expenses in 2024, including goodwill impairment charges across multiple segments.
Word for word“As a result, the Company recorded non-cash goodwill impairment charges of $ 130.9 million within restructuring and impairment expenses on the consolidated statement of income during the three months ended June 30, 2024.” 10-K for 2024
Our summaryThe company adopted a global 2022 restructuring plan that included workforce reductions and footprint optimization, with total charges of about $53.3 million.
Word for word“Total charges incurred under the program were approximately $53.3 million, with $40.8 million in cash charges of severance and lease termination cost and approximately $12.5 million of non-cash charges of impairment of fixed assets, acceleration of depreciation and impairment of other intangibles related to our footprint optimization.” 10-K for 2025
Our summaryThe company adopted a 2023 restructuring plan with workforce reductions and fixed asset impairments from consolidating technology assets, with about $27.9 million in cash severance charges.
Word for word“Total charges under the program included approximately $27.9 million in cash charges of severance, approximately $1.0 million in other cash charges and approximately $38.8 million in non-cash charges, including approximately $36.6 million in fixed asset impairments.” 10-K for 2025
| Fiscal year ended | Severance costs | Restructuring charges | Cash paid for restructuring |
|---|---|---|---|
| 2018-12-31 | $20.1 million | $22.1 million | $6.7 million |
| 2019-12-31 | $20.1 million | $22.1 million | $15 million |
| 2020-12-31 | — | — | $15 million |
NU Skin Enterprises filed 3 restructuring notices (Form 8-K, Item 2.05) since 2016. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from NU Skin Enterprises’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-13. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.