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REI CEO Forgoes Salary, Puts Most of Its Workforce on Unpaid Leave

Outdoor Retailer Introduces New Plans to Adapt to Coronavirus Pandemic
As of March 16, REI had temporarily closed all 162 of its stores, including its flagship location in Seattle's South Lake Union neighborhood. (REI Equipment Inc.)
As of March 16, REI had temporarily closed all 162 of its stores, including its flagship location in Seattle's South Lake Union neighborhood. (REI Equipment Inc.)
By Clare Kennedy
CoStar News
April 7, 2020 | 9:53 P.M.

With no clear end to the coronavirus outbreak in sight, outdoors-focused retailer REI Equipment Inc. is making additional cuts to weather the next few months, including layoffs and big reductions in pay at every level.

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News | REI CEO Forgoes Salary, Puts Most of Its Workforce on Unpaid Leave