WeightWatchers has filed for bankruptcy as more Americans turn to weight loss drugs to slim down.

Reuters reported in April 2025 that WeightWatchers' stock, which traded as high as $100 in 2018, lost most of its value last year as the company faced revenue declines, liquidity concerns, and celebrity shareholder Oprah Winfrey's decision to exit its board.

Iconic weight management brand WeightWatchers filed for bankruptcy Tuesday to shed debt while the company tries to expand its tele-health business.