The company, in a notice filed two months ago with the California Employment Development Department, said it would be laying off 84 employees, effective Friday.part of the company last August into an independent, publicly traded company called Kenvue Inc. Kenvue is headquartered in Skillman, N.J., but all operations are being moved to a new location in Summit, N.J.MSCHF Duplicates Picasso's 'Le Poisson' as Part of First L.A.
Kenvue is an enormous company whose annual revenues last year totaled $15.44 billion, with net income of $1.664 billion. Its brands cover a host of beauty and health care products that include Aveeno, Band-Aid, Benadryl, Zyrtec, Listerine, Mylanta,and Tylenol. Neutrogena and other skin and beauty products make up about 20 percent of revenues, according to financial filings with the Securities & Exchange Commission.
In 2021, Johnson & Johnson, who still owned Neutrogena at the time, was hit with a number of class action lawsuits in several states for reportedly violating state consumer fraud regulations. They were accused of not disclosing that some Neutrogena and Aveeno sunscreen products allegedly contained benzene, which has been established to cause cancer in humans. Those cases were consolidated, and a nationwide class settlement was reached last year where Johnson & Johnson agreed to pay a $1.