
Under Armour disclosed plans to lay off 600 employees Tuesday as part of the fallout from the COVID-19 pandemic.
The Baltimore-based athletic apparel company made the disclosure in a filing with the U.S. Securities and Exchange Commission on Tuesday, saying that the layoffs would come “primarily in its global corporate workforce.” The company didn’t disclose whether or how many employees in Baltimore would be affected.
The filing was an update to an already-ongoing restructuring plan for 2020 that was initially made before considering COVID-19 considerations. In the original plan, the company said it expected to incur charges of approximately $475 million to $525 million total, with $340 million in charges incurred through the first half of the year. On Sept. 3, the company’s board approved another $75 million in restructuring charges.
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