Under Armour Inc. said late Tuesday it will lay off 600 employees as part of an expansion of a cost-cutting plan related to the impact of the Covid-19 pandemic. The Baltimore-based sportswear maker’s board approved a $75 million increase to a restructuring plan implemented earlier this year, bringing total estimated pre-tax restructuring and related charges to $550 million to $600 million, according to a federal filing. As part of the plan, Under Armour (NYSE: UAA) said it will incur $235 million…
from https://www.bizjournals.com/baltimore/news/2020/09/08/under-armour-laying-off-another-600-employees.html?ana=RSS&s=article_search
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