Thread regarding Under Armour Inc. layoffs

Corp Note on Layoffs at UA

Under Armour has experienced extraordinary growth over the last three years where we have more than doubled our revenue from $2.3 billion to $4.8 billion and our team headcount from 8,000 to 15,000 worldwide.

Amid a rapidly changing global retail landscape, we evaluated several areas of our business where we could improve efficiency an ensure increased agility to continue to deliver best-in-class product to serve the needs of today's customer.

As a result, we are streamlining all aspects of our organization to improve our business operations and delver against our long-term strategic goals. As a part of this new alignment, a workforce reduction will impact approximately 2 percent of our global workforce.

As we execute against these difficult and necessary steps to evolve from good to great operations, our vision remains the same - making all athletes better through passion, design and the relentless pursuit of innovation.

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