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In terms of the layoffs, the company said about half of the job cuts would be at Under Armour's Baltimore headquarters.
In comparison to the other major players in the sports gear arena, Nike has also announced job cuts in the recent months. Adidas, on the other hand, has raised its own sales forecasts. There's no concrete reason Adidas has managed to edge out the competition in the marketplace, but at least there's still profits to be made in the sports apparel market.
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Hannah Abrams
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Hannah Abrams is the senior content editor for Promo Marketing. In her free time, she enjoys coming up with excuses to avoid exercise, visiting her hometown in Los Angeles and rallying for Leonardo DiCaprio to win his first second Academy Award.
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