Under Armour Is Laying Off 600 Employees

September 9, 2020

Under Armour is the latest company in the retail space to resort to mass layoffs as the pandemic continues to take its toll on the U.S. economy. The athletic apparel and footwear maker also raised its restructuring costs for the year by $75 million and now expects to incur about $550 million to $600 million in charges. Read more on Footwear News.