Under Armour Inc. is initiating a restructuring plan to turn around its mounting losses. Founder Kevin Plank, who was brought back as CEO last month after stepping down at the end of 2019, told analysts that he is working on cost management and implementing necessary strategies to grow the brand. This includes an undisclosed number of layoffs. The company said it plans to take a charge of between $7 million and$15 million in employee severance and benefits costs. FOX Business reached out to Under Armour fo ...