Under Armour just announced another round of layoffs (UAA)

• Under Armour on Thursday announced an update to its massive, $200 million restructuring effort.
• Shares fell about 1% after the company said it will spend $10 million to cull its workforce by 3%.
• Follow Under Armour’s stock price in real-time here.

Under Armour said Thursday that it will spend $10 million on severance payments not previously reported as it works to reduce its global workforce by 3%, or about 400 jonbs.

It’s 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 read more >>>

Source:: BusinessInsider.Com