Under Armour Cuts Global Workforce By 3 Percent

BALTIMORE (AP) — Under Armour will cut its global workforce by 3 percent by the end of March.
The Baltimore sports gear company said Thursday that it now anticipates restructuring-related charges this year of between about $200 million and $220 million. It previously projected restructuring charges between $190 million to $210 million.
Excluding those costs, Under Armour Inc. expects full-year profits of between 16 and 19 cents per share. Its prior outlook was for 14 to 19 cents per share.