REI has been the go-to store for adventurers for decades. The company recently announced that their well-liked 'Experiences' business involving classes and tours will be shutting down.

More than 400 employees will be let go as part of the decision. CEO Eric Artz said the 40-year-old experiences division was unprofitable.

After nearly 40 years, REI Co-op is shuttering its Experiences business, effective this week. Biden blocked US Steel's $14 billion sale to Japanese giant Nippon Steel, creating new uncertainty for an iconic American steelmaker. With this move, 428 employees — including 180 people in full-time roles and 248 part-time guides — will be laid off.

More than 400 employees will lose their jobs as REI closes its Experiences program, ending the adventure travel and outdoor education programs that have been part of the retailer’s identity for 40 years.

Affected full-time employees will receive their full salary and benefits through March 9. Workers who split time between the stores and the events, classes and tours business — known collectively at REI as Experiences — may be able to stay with the company, depending on the store. REI has more than 16,000 employees.

REI is cutting hundreds of jobs as the Issaquah-based co-op eliminates its "Experiences" division.

REI Co-op, the beloved outdoor retailer, announced Wednesday that it would be closing its Experiences division. Known for providing classes, selling group travel excursions, and operating various tours for 40 years,