Why did REI have layoffs?

Could you please elaborate on the reasons behind REI's decision to conduct layoffs? Was it due to a decline in revenue or profits? Did they face any specific challenges or disruptions in their business operations? Additionally, how did the company communicate this decision to their employees, and what measures are they taking to support those affected during this difficult time? I'm interested in understanding the broader context behind this decision and the steps REI is taking to mitigate its impact.