Under Armour to further trim its workforce
21/09/2018
The company gave no indication of in which area of its business these cuts would take place. It did say, however, that the reduction in workforce will be completed by March 31, 2019 and that it would represent the final stage of its restructure. It had already cut 277 jobs in 2017.
“In our relentless pursuit of running a more operationally excellent company, we continue to make difficult decisions to ensure we are best positioned to succeed,” said chief financial officer David Bergman. “This redesign will help simplify the organisation for smarter, faster execution, capture additional cost efficiencies, and shift resources to drive greater operating leverage as we move into 2019 and beyond."
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