REI ends travel-based Experiences program, lays off 428 employees
Outdoor recreation retail giant REI has ended its 40-year-old Experiences program, known for holding outdoors classes and wilderness trips, the company announced Wednesday. The move also means the elimination of 428 jobs associated with the program.
'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 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.
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 business.
REI exits 'Experiences' businesses, laying off hundreds of employees
REI announced the closure of its Experiences division, affecting over 400 employees, as it shifts focus to core business areas.
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.
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 cutting 438 jobs as it closes travel, tours division
Seattle-based REI announced on Wednesday it was closing the company’s Experiences division and eliminating the jobs of 438 employees.
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REI cuts 428 jobs, shuts down adventure travel and outdoor education programming
We’ve held out as long as possible, but the fact remains that Experiences is an unprofitable business for the co-op, and we ...
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REI shutters experiences business, eliminating hundreds of jobs
In a message shared with employees, REI CEO Eric Artz presented the decision as a financial one, noting that the experiences arm of the business “costs significantly more to run than it brings ...