'Unprofitable': REI shutters Experiences travel business, lays off 428 employees
REI CEO Eric Artz said the outdoor gear retailer would end its Experiences unit, which offered adventure classes and trips, and lay off 428 workers.
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.
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 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 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. Known for providing classes, selling group travel excursions, and operating various tours 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.
REI Co-Op 'Experiences' Division Facing Closure After Years of Programming
REI has been the go-to store for adventurers for decades. The company recently announced that their well-liked 'Experiences' business involving classes and tours will be shutting down.
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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 ...
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 ...