Under Armour layoffs, on the record
Every job cut, severance charge and restructuring Under Armour reported in its annual reports, 2024 to 2026, quoted from the filings.
Job cuts, severance and restructuring
Our summaryBoard approved a restructuring plan to rebalance the cost base and improve profitability and cash flow.
Word for word“On May 15, 2024, our Board of Directors approved a restructuring plan designed to rebalance our cost base to further improve profitability and cash flow generation.” 10-K for 2024
Our summaryExpected restructuring charges include cash-related charges for employee severance and benefits costs and transformational initiatives.
Word for word“• $50 million in cash-related charges, consisting of approximately $15 million in employee severance and benefits costs, and $35 million related to various transformational initiatives; and” 10-K for 2024
Our summaryExpected restructuring charges include non-cash charges for employee severance and asset-related impairments.
Word for word“• $40 million in non-cash charges consisting of approximately $7 million in employee severance and benefits costs and $33 million in facility, software and other asset-related charges and impairments.” 10-K for 2024
Our summaryBoard approved a restructuring plan (the 2025 restructuring plan) designed to strengthen and support financial and operational efficiencies.
Word for word“On May 15, 2024, our Board of Directors approved a restructuring plan (the "2025 restructuring plan") designed to strengthen and support our financial and operational efficiencies.” 10-K for 2025
Our summaryBoard approved a $70 million increase to the 2025 restructuring plan, bringing the updated plan to approximately $140 million to $160 million of pre-tax restructuring and related charges.
Word for word“On September 5, 2024, our Board of Directors approved a $70 million increase to the 2025 restructuring plan, resulting in an updated restructuring plan of approximately $140 million to $160 million of pre-tax restructuring and related charges, which is expected to be substantially complete by the end of Fiscal 2026.” 10-K for 2025
Our summaryExpected charges under the plan include about $23 million in cash-related employee severance and benefits costs and about $7 million in non-cash employee severance and benefits costs.
Word for word“We currently expect the charges to be incurred under the 2025 restructuring plan to include (i) up to $90 million in cash-related charges, consisting of approximately $23 million in employee severance and benefits costs and $67 million related to various transformational initiatives; and (ii) up to $70 million in non-cash charges, including approximately $7 million in employee severance and benefits costs and $63 million in facility, software, and other asset-related charges and impairments.” 10-K for 2025
Our summaryRecorded restructuring charges for Fiscal 2025, including employee-related costs, facility-related costs and other restructuring costs.
Word for word“Restructuring charges increased by $58.0 million during Fiscal 2025 compared to Fiscal 2024 due to $14.8 million of employee-related charges, $25.5 million of facility-related charges, and $17.7 million of other restructuring charges.” 10-K for 2025
Our summaryRecorded employee-related costs within selling, general and administrative expenses under the 2025 restructuring plan.
Word for word“Costs recorded in selling, general and administrative expenses: Employee related costs 9,460 Other transformation initiatives 21,733 Total costs recorded in selling, general and administrative expenses $ 31,193 $ 34,807 $ 66,000 Total restructuring and related charges $ 89,162 $ 70,838 $ 160,000” 10-K for 2025
Our summaryThe Board approved a 2025 restructuring plan to strengthen financial and operational efficiencies, then raised its total cost estimate on May 11, 2026, including cash severance and benefit costs.
Word for word“On May 11, 2026, our Board of Directors approved an increase of up to $50 million of additional charges, resulting in a total restructuring plan of approximately $305 million, including: • Up to $139 million in cash charges, including approximately $46 million in employee severance and benefits costs and $93 million related to various transformational initiatives; and • Up to $166 million in non-cash charges, including approximately $7 million in employee severance and benefits costs, and $159 million in contract terminations, facility, software, and other asset-related charges and impairments.” 10-K for 2026
Our summaryThe company exited its Rialto, California distribution facility as part of the 2025 restructuring plan.
Word for word“As previously disclosed, during Fiscal 2026 we exited our distribution facility located in Rialto, California as part of our 2025 25 Table of Contents restructuring plan.” 10-K for 2026
Our summaryThe company reported the total restructuring and related charges it had recorded under the 2025 plan through the end of the fiscal year.
Word for word“As of March 31, 2026, we have recorded a total of $260.7 million of restructuring and related charges under the 2025 restructuring plan.” 10-K for 2026
| Fiscal year ended | Severance costs | Restructuring charges | Restructuring costs incurred | Cash paid for restructuring |
|---|---|---|---|---|
| 2017-12-31 | $14.6 million | $13.1 million | $129.1 million | $10.1 million |
| 2018-12-31 | — | — | $203.9 million | — |
| 2019-12-31 | — | — | $0 | — |
| 2020-12-31 | — | — | $460.4 million | — |
Under Armour filed 10 restructuring notices (Form 8-K, Item 2.05) since 2016. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Under Armour’s annual reports (10-K for 2026, 10-K for 2025, 10-K for 2024) and the financial data it files with the SEC, as of 2026-05-19. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.