Under Armour Inc. on Tuesday reported its second consecutive quarterly loss and announced a restructuring plan that will result in a 2 percent global workforce reduction. The roughly 280 layoffs will include 140 in Baltimore, a spokeswoman for the company said. Under Armour has nearly 3,500 employees in the Baltimore area and 15,000 worldwide. Under Armour expects the restructuring plan to cost between $110 million and $130 million this year, mostly in the third quarter. Shares of the company…
from https://www.bizjournals.com/baltimore/news/2017/08/01/under-armour-posts-quarterly-loss-announces.html?ana=RSS%26s=article_search
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