Utah-based Nu Skin Enterprises has laid off employees following a surprise quarterly loss that prompted analysts to cut their forecasts for the multi-level marketing company. The announcement comes alongside news that Tyson Foods is closing its Eagle Mountain, Utah beef facility.

Nu Skin, founded by Latter-day Saints and headquartered in Provo, has faced mounting challenges in recent quarters. The company sells skincare and nutritional products primarily through a network of independent distributors. The layoffs represent the latest setback for a firm that once epitomized Utah's MLM boom.