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Small Business Growth

REI lays off over 400 employees in business restructure [Video]

The company says the move is necessary to get REI closer to “sustainable, profitable growth.”

SUMNER, Wash. — A major local corporation announced plans to lay off over 400 employees in an elimination of a business division on Wednesday.

REI will be shuttering its “Experiences” division, which employed 180 full-time employees and 248 part-time guides. The division includes adventure travel, day tours and classes. CEO Eric Artz shared a message on the company’s website that had previously been sent out to all employees.

“I have an important update to share today. Earlier this morning we shared with our Experiences team that after a thorough review and careful consideration, I have made the difficult decision to exit the Experiences business altogether, effective this week,” Artz wrote.

“The reality is a thriving co-op requires a sustainable economic model that is capable of investing at the appropriate level to fully fund our most …

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Paytm log 10% revenue jump at Rs 1,828 crore in Q3, PAT improved by Rs 208 crore [Video]
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Small Business Growth

Paytm log 10% revenue jump at Rs 1,828 crore in Q3, PAT improved by Rs 208 crore [Video]

Leading payments and financial services company, Paytm, on Monday reported impressive robust growth across key financial metrics. The company's operating revenue surged by 10 per cent quarter-on-quarter (QoQ) to Rs 1,828 crore in Q3 FY2025, driven by its payments business and expanding financial services distribution portfolio.

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