Outdoor retail giant REI has confirmed the phase-out of its "Experiences" division, resulting in the layoff of over 400 employees, as reported by KING5. The division, which up until recently offered adventure travel, day tours, and classes, will cease operations, affecting 180 full-time staff and 248 part-time guides. On the company's website, CEO Eric Artz communicated the details of this decision, initially circulated among employees via internal channels.
Extended in a gesture meant to cushion the blow, FOX13 Seattle reports full-time employees will continue to receive their regular salary until March 9, 2025, and benefits until the end of March. Moreover, those impacted by the layoffs will be provided severance, eligibility for healthcare coverage continuation through COBRA, and outplacement support to aid in their transition. The part-time employees, though their journey with REI is coming to an early close, will retain benefits eligibility through January 2025 along with severance payments.
Concerning the terms for employees who have been dividing their time between the "Experiences" division and REI's retail stores, the scenario is more complex. The details around these employees' severance and ongoing benefits vary, as per a conversation with REI representatives reported by KOMO News.
Due to the layoffs, there are efforts underway to assist the affected employees in finding new employment opportunities. "They will also receive severance, healthcare via COBRA, and help to find new jobs," KOMO News added, indicating a package designed to provide some measure of security in the face of uncertainty.
