REI is Laying Off 275 Employees
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REI is Laying Off 275 Employees
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Re: REI is Laying Off 275 Employees
#2Consumer spending is getting hit hard and luxury campgear is easy to forego.
Re: REI is Laying Off 275 Employees
#3Wow. Interesting discussion there.
I have spent a few thousand bucks at rei over the past 10 years. I rarely if ever ask for assistance. The value add for me is the return and warranty policy, and knowing if REI sells it it's probably high quality.
The more experienced people are also the most natural and kind, where others seem less committed and less "of the hobby".
Layoffs suck. Good luck to all of them.
Re: REI is Laying Off 275 Employees
#4Ooof...that's a bummer. OP should forward the reddit thread to the Seattle Times.
Re: REI is Laying Off 275 Employees
#5A Canadian company in the same space, Mountain Equipment Co-Op, was recently acquired by a hedge fund and is in the process of mutating into a for-profit company, to the dismay of many.
https://www.outsideonline.com/business-journal/retailers/mec...
Is REI being zombified the same way?
Re: REI is Laying Off 275 Employees
#6A Canadian company in the same space, Mountain Equipment Co-Op, was recently acquired by a hedge fund and is in the process of mutating into a for-profit company, to the dismay of many. https://www.outsideonline.com/business-journal/retailers/mec... Is REI being zombified the same way?
Darn. I have always appreciated MEC...
Re: REI is Laying Off 275 Employees
#7How socialist is REI really? Are they like Mondragon? Seems not — workers do not own the company: https://en.wikipedia.org/wiki/REI_worker_organization
I like experiments in having employees actually own companies, or make their own decisions, but the closest I see in the consumer facing sector is stuff like REI or Valve software maybe — and that is only at the pleasure of its actual owners.
By contrast, HOAs and housing cooperatives like Mitchell-Lama, or credit unions, are truly owned by their members. A growint number of DAOs online are as well.
Most universities have an element of democratic governance as well.
Other than that, most other concerns is owned by outside shareholders, with some shares often traded on a public stock market, but the ones who call the shots are the same people who sit on each other’s boards and lobby Congress etc.
Re: REI is Laying Off 275 Employees
#8What is REI?
Re: REI is Laying Off 275 Employees
#9Consumer spending is getting hit hard and luxury campgear is easy to forego.
I assume the pandemic’s rush for outdoor entertainment has also fully subsided.
Re: REI is Laying Off 275 Employees
#10How socialist is REI really? Are they like Mondragon? Seems not — workers do not own the company: https://en.wikipedia.org/wiki/REI_worker_organization I like experiments in having employees actually own companies, or make their own decisions, but the closest I see in the consumer facing sector is stuff like REI or Valve software maybe — and that is only at the pleasure of its actual owners. By contrast, HOAs and hou…
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