Thursday, September 20, 2018

Under Armour to lay off 400 employees in latest update to restructuring plan

Under Armour Inc. said Thursday that it will reduce its global workforce by 3 percent by the end of March as the Baltimore sportswear maker continues to cut costs through a restructuring plan. About 400 of the company’s some 14,000 employees will be laid off. A spokesman declined to say how many people will be laid off across Greater Baltimore, where the company has 3,700 employees, according to Business Journal research. Last year the company reduced its workforce by roughly 280 people, including…



from https://www.bizjournals.com/baltimore/news/2018/09/20/under-armour-to-lay-off-400-employees-in-latest.html?ana=RSS&s=article_search
via http://baltimorecheckbook.tumblr.com/post/178280788487

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