Under Armour said Thursday that it will spend $US10 million on severance payments not previously reported as it works to reduce its global workforce by 3%
Its the second round of layoffs in the past year for the struggling athletic brand, which cut about 140 jobs at its Baltimore headquarters last August, when it first announced the $US200 million restructuring plan. The layoffs should be completed by April 2019, it said, without adding how many jobs were being cut.
In our relentless pursuit of running a more operationally excellent company, we continue to make difficult decisions to ensure we are best positioned to succeed, David Bergman, Under Armours chief financial officer, said in a press release. This…
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