REI to lay off 167 employees at Seattle-area headquarters

REI, the nation’s largest shopper co-op, will likely be shedding 167 workers, or 8% of their Seattle-area headquarters workforce, the corporate introduced Tuesday.

“Now we have clear targets for the way forward for the co-op and are assured in our long-term methods,” mentioned REI. “However within the face of accelerating uncertainty, we have to sharpen our concentrate on essentially the most essential investments and areas of labor to greatest serve our members and develop the co-op over the long run. We might want to make arduous selections, and that would be the work forward for all of us,” the corporate mentioned in a put up to workers.

This comes after the sale of their Bellevue workplace in 2020 to Fb for $360 million.

The out of doors retailer — at present headquartered in Kent — mentioned it is going to be reorganizing and mixing a number of different workplace areas to refocus their priorities.

“To make sure that future affect, it’s critical that we get the co-op again to profitability as shortly as doable,” mentioned REI.

All impacted workers have been notified and supplied severance packages, 4 months of well being care protection, and payouts for remaining trip time in addition to bonuses from 2022.

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