Heard about this back late last year, Vista also sold off all it's ammo companies (Federal, CCI, Rem, Speer) to a Czek group that owns Fiocchi, and just bought Perazzi, and stated they were going to be separating from all their shooting sports companies.
Not too surprising, a TON of companies, for whatever reason (if not several) economy, shareholders, exec greed, etc. etc. are reducing workforce, or workforce expenses (raises, bonuses, benefits, etc.) even those seemingly doing well financially. Employees at most companies these days are seen as an expense to be managed/minimized. It seems like across the board companies are preparing for an economic downturn even if their balance sheet gains look significantly better than any of their employees compensation increases do.
My guess is most of these big companies saw record net profit margins when they could increase prices rampantly blame free when inflation was out of control. Tons of reports on big companies that increased prices WAY more than their costs increased. Now that inflation has been reigned back in, and consumers have tightened their belts a bit, the gravy train has less gravy so companies are trying to find any way they can to make up for it.