REI to lay off over 400 employees in elimination of business division
Any customers who have Experience trips or programs booked will receive a full refund of costs paid to REI. These aren't the first layoffs REI has enacted in recent years. In January 2024, the company laid off over 300 employees. In early 2023, the company also laid off 167 people.
Why is REI laying off 438 employees? What to know about its Experiences business
"I want to acknowledge and extend my gratitude to the Experiences team for all they have done and accomplished over the 40 years of its existence," REI President and CEO Eric Artz
REI Lays Off 438 Employees, Shuts Down Experiences Division
More than 400 employees will lose their jobs as REI closes its Experiences program, ending the adventure travel and outdoor education programs that have been part of the retailer’s identity for 40 years.
REI Co-op Shutters Its Experiences Business After Nearly 40 Years, Lays Off 428 Employees
After nearly 40 years, REI Co-op is shuttering its Experiences business, effective this week. Biden blocked US Steel's $14 billion sale to Japanese giant Nippon Steel, creating new uncertainty for an iconic American steelmaker. With this move, 428 employees — including 180 people in full-time roles and 248 part-time guides — will be laid off.
Struggling REI cuts hundreds of employees, axes tour and events business
Affected full-time employees will receive their full salary and benefits through March 9. Workers who split time between the stores and the events, classes and tours business — known collectively at REI as Experiences — may be able to stay with the company, depending on the store. REI has more than 16,000 employees.
REI Exits the Adventure Tourism Business
REI Experiences was launched in 1987, then branded as REI Adventures. In 2022 the company rebranded this to REI Experiences, stating that it hoped that the new name would be less intimidating and encourage growth. It discontinued tours outside the United States in early 2020, citing costs even before the pandemic.
REI Shutters Experience Division Known for Excursions, Tours, and More after 40 Years
REI Co-op, the beloved outdoor retailer, announced Wednesday that it would be closing its Experiences division.
REI shutters experiences business, eliminating hundreds of jobs
More than 400 employees will be let go as part of the decision. CEO Eric Artz said the 40-year-old experiences division was unprofitable.
REI cuts staff, eliminates tour and events business
REI is eliminating its outdoor classes, events and tours this month as it looks to prune unprofitable parts of its business while struggling to break even. The Issaquah, Washington-based co-op will lay off 180 full-time and 248 part-time employees with the move,
REI closes tours and events division amid latest round of layoffs
The latest cuts mark the fourth round of layoffs for REI since October 2023, as the business struggles to return to profitability. Previous layoffs affected corporate employees and some retail positions,
After 40 Years, REI Ends ‘Experiences’ Adventure Travel & Day Tours Business
REI confirmed it has ended its Experiences business to refocus on retail instead of classes and guided trips. The post After 40 Years, REI Ends ‘Experiences’ Adventure Travel & Day Tours Business appeared first on GearJunkie.
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REI Shutters Experiences Business that was Losing Millions Annually, Cuts 400+ Jobs
After 40 years of providing adventure travel, day tours and classes, outdoors retail co-op REI will shut down its Experiences ...
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REI Closes Experiences Program, Will No Longer Offer Trips or Classes
After four decades of running outdoor adventure trips and educational courses, REI is eliminating more than 400 jobs to focus ...