Under Armour to Lay Off 50 Baltimore Employees
In September 2018, Under Armour announced it would be reducing its global workforce of approximately 13,500 employees by 3% which equates to roughly 400 employees. The move was part of Under Armor’s 2018 restructuring plan. Today, Under Armour confirmed to SouthBMore.com it will lay off 50 employees who work at the company’s Baltimore headquarters in Locust Point.
The Baltimore Sun and Baltimore Business Journal report that the Maryland Department of Labor, Licensing and Regulation has been notified that the 50 employees will be laid off between March 8th and June 30th of this year.
Scott Robinson, Under Armour’s Director of Corporate Communications and Media Relations, said in an email: “We are not providing any additional detail about the positions and departments.” He added: “The 2018 restructuring initiative was designed to optimize our strategic growth initiatives and overall business performance.”
When Under Armour laid off 280 employees August 2017, half of them were based in Greater Baltimore.
Under Armour has approximately 3,700 Greater Baltimore employees. according to Baltimore Business Journal.
In 2018, Under Amour saw its revenue increase 4% to $5.2 billion but had an operating loss of $25 million and a net loss of $46 million due to $204 million of charges related to the 2018 restructuring plan. Under Armour is anticipating an operating income of $210 million to $230 million in 2019. Under Armour is also planning for $210 million of capital expenditures this year.
Under Armour, which is currently headquartered at Tide Point in Locust Point, also has a distribution facility in Curtis Bay. It is planning a new 50-acre headquarters at Port Covington where it already has Building 37, which converted the former Sam’s Club to a 170,000 sq. ft. office, café, and amenity space. It is also under construction on a 1.3-million sq. ft. distribution facility at Sparrows Point which is expected to open this year.
Under Armour previously announced it would begin construction on Phase 1 of its new campus at Port Covington last year, but that did not move forward. No timetable has been given for when construction will be begin.
Last last year, Under Armour closed a 42,840 sq. ft. office at McHenry Row in Locust Point. Following the move, Under Armour transitioned its team sports division back to Tide Point and its call center team was moved to Building 37 in Port Covington.
About the Author: Kevin Lynch
Founder and Publisher of SouthBmore.com, longtime resident of South Baltimore, and a graduate of Towson University. Diehard Ravens and O's fan, father of three, amateur pizza chef, skateboarder, and "bar food" foodie. Email me at Kevin@InceptMM.com and follow me on Twitter at @SoBoKevin.
