The layoffs impact approximately 8% of REI’s headquarter staff.
SEATTLE — Citing the need to get REI Co-op “back to profitability as quickly as possible,” President and CEO Eric Artz announced 167 people will be laid off.
The layoffs impact approximately 8% of REI’s headquarter staff and less than 1% of the Co-op’s total workforce, according to a message to employees dated Jan. 31.
“We have clear goals for the future of the co-op and are confident in our long-term strategies,” Artz’ message reads. “But in the face of increasing uncertainty, we need to sharpen our focus on the most critical investments and areas
→ Continue reading at KGW TV