REI to lay off 167 employees at headquarters in Kent

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REI to lay off 167 employees at headquarters in Kent
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The company recently sold its Bellevue office to Facebook for $360 million. “To ensure that future impact, it is vital that we get the co-op back to profitability as quickly as possible,” Artz said.

“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,” the company wrote in aOnce Starbucks moves away from its ‘Third Place’ model, what does it have left to offer?This week we made organizational changes at our headquarters to focus resources on areas of highest impact.

REI is the nation’s largest co-op, a specialty outdoor retailer. The company recently sold its Bellevue office to Facebook for $360 million. “To ensure that future impact, it is vital that we get the co-op back to profitability as quickly as possible,” Artz said.

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