Consumer
REI Plans to Cut Pay of New Hires and Reduce Employee Benefits
An REI store in Santa Fe.
Photographer: Cate Dingley/BloombergRecreational Equipment Inc. plans to cut its pay rates for new hires and reduce benefits for current employees, a fresh flashpoint between the struggling retailer and its unionizing workforce.
“Effective July 1, 2026, the salary range will be reduced, which results in a lower starting hourly rate for new employees hired as of that date,” REI told staff in a February message viewed by Bloomberg.