UNDER ARMOUR CUTTING 400 JOBS
Under Armour will cut about 400 jobs as part of a restructuring that it announced earlier this year.
The reduction represents about 3 percent of its global workforce. The Baltimore-based sportswear company began streamlining last year after its sales growth slowed.
The most recent round of cuts will be completed by the end of March, the company said this week.
Under Armour said it now anticipates restructuring-related charges this year between $200 million and $220 million. That's up from its prior projection of $190 million to $210 million.