Business as usual will continue for members in the meantime. "The decisive actions we're taking today, with the overwhelming support of our lenders and noteholders, will give us the flexibility to accelerate innovation, reinvest in our members, and lead with authority in a rapidly evolving weight management landscape," CEO Tara Comonte said in a press release accompanying the announcement. WeightWatchers still had around 3.3 million subscribers as of the end of 2024, but had seen its share price collapse following a failed turnaround plan by previous CEO Sima Sistani. WW shares are now traded as penny stocks—a severe downgrade from 2018, when shares traded at over $100.