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[$$] Under Armour to Cut 400 Jobs as Part of Restructuring Effort

Under Armour Inc. is cutting about 400 jobs globally as the company continues to slash costs to combat weak sales of its athletic apparel. The sportswear company said Thursday that it was reducing its workforce by about 3%, which a company spokeswoman said comes out to about 400 employees. Under Armour expects the workforce reduction to be finished by the end of March.