REI Announces Layoffs as it Trims Headquarters Staff
REI CEO Eric Artz – Photo courtesy of REI
Industry customer REI Co-op laid off about 8% of its headquarters staff in a move President and CEO Eric Artz said addresses “increasing uncertainty.”
“We have clear goals for the future of the co-op and are confident in our long-term strategies,” Artz said in a message to employees on Tuesday, which was also posted to the REI site. “But in the face of increasing uncertainty, we need to sharpen our focus on the most critical investments and areas of work to best serve our members and grow the co-op over the long term. We will need to make hard choices, and that will be the work ahead for all of us.”
Read more details about REI’s push for profitability on our new sister publication, The Daily.
Editor’s Update: For more on REI, you can also check out how the retailer views renewable energy, here, in addition to new store plans, here.
