12:10 PM EDT, 04/09/2024 (MT Newswires) -- Kenvue's ( KVUE ) Neutrogena brand is shutting down its office in Los Angeles, leading to 84 job cuts, Bloomberg reported Tuesday, citing a worker notification document.

The report said that 74 of the affected employees have been offered relocation and work at other locations of the company.

The closure comes as Kenvue ( KVUE ) consolidates operations to New Jersey, according to the report.

The company didn't immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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