Under Armour just confirmed 280 layoffs, 140 of that in Baltimore. Still no info on where the remaining 140 will come from. Please post here if you find anything out.
https://www.bizjournals.com/baltimore/news/2017/08/01/under-armour-posts-quarterly-loss-announces.html
The more I think about it, the more I think this place had mo--s on the inside to destroy it for the benefit of hedge fund short sellers. Funny how A.D. from Amazon ended up going right back to Amazon. Jeff Bezos is Dr. Evil.
UA is a sad story. Although they have experienced some growth—there are too many “yes men/women” in this organization. They don’t value diversity and inclusion or the input of store teams. Anyone at the store team level willing to rock the boat is often labeled and quickly forced out. The corporate structure has little to no respect for anyone working on the store level, which is the reason most of them continue to have jobs. Those in middle management often are so concerned about protecting their jobs that they never fight for the store teams. Sad way to be and a perfect scenario for a company headed to bankruptcy.....
Way too many executives in meetings talking to other executives about what they THINK is cool to consumers. Classic case of circle jerks while the boat is sinking. KP get rid of these people ASAP!
Got 8 weeks pay for 4 years of service.
Spot on
40ish out of the retail field organization - 25 out of the austin tx connected fitness office - and the pink slips continue today - this company is in trouble because of home grown leadership - a matrixed org structure where no one is really in charge and meeting after meeting with layers of leadership with no clue and no appetite to rock the boat and get real about retail dull the entrepreneurial spirit, yes people who run the stores who are too scared or too inexperienced to create needed change, too late to the game in athleisure, too much money spent on endorsements that the average consumer could care less about, the dilution of the brand with kohls...no style for women, footwear an afterthought to the core UA consumer, no marketing to people who actually buy the product and the list goes on.....the days of big growth are long gone...anyone seeking stability and upward mobility in their career would leave and not wait to be escorted out in the next round of layoffs. Anyone who has lived a day at UA and felt the lack of leadership knows exactly what I'm saying...too bad...it could have been a great american success story but I'm afraid this change it too little too late.