Why is REI laying off employees?

Can you elaborate on the reasons behind REI's decision to lay off employees? Is this a result of financial difficulties or a strategic shift in the company's direction? Are there any specific areas or departments within the organization that are being affected more significantly than others? Have there been any changes in the market or industry that have contributed to this decision? It's important to understand the full context behind this decision in order to assess its impact on the company and its employees.