Under Armour Begins Corporate Layoffs

June 21, 2023

The Baltimore, Md.-based company confirmed to Footwear News that it has cut roles across its corporate workforce. Under Armour did not confirm the number of impacted employees or the reason for the cuts.

The news comes as Under Armour, helmed by a new CEO, rolls out a plan to revamp its business via its Protect This House 3 (PTH 3) plan, which focuses on reinvigorating brand DNA, focusing on key product areas and growing business in North America. FN