Sporting-goods giant Under Armour plans to lay off hundreds of its employees after a rough few months of sales, according to a memo obtained by Patrick Coffee.
Under Armour reported a 40% drop in sales during the second quarter and said in April that it would furlough 6,600 employees at retail stores and distribution centers. An Under Armour employee with direct knowledge of the situation said this week's layoffs included executives up to the VP level and followed months of delays.Ashley Rodriguez profiled Dawn Ostroff, Spotify's chief content and advertising business officer, who is driving the strategy behind Spotify's expansion into podcasts.
Spotify has inked deals with Barack and Michelle Obama, Joe Rogan, Kim Kardashian, and DC Comics. The company has also acquired podcast companies like Anchor, Gimlet, Parcast, and The Ringer. Spotify's ad business grew 25% in 2019 with podcast advertising. During the second quarter of 2020, Spotify said ad revenue fell 21% year over year due to the coronavirus.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside the secret club that helps determine which healthcare startups blow up - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. bielinko
Source: BusinessInsider - 🏆 729. / 51 Read more »
Apple will unveil the iPhone 12 during a virtual event on September 15 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. YEAH! DONALD TRUMP IS AN IDIOT!!!! LOOK AT THE STOCK MARKET!!!
Source: BusinessInsider - 🏆 729. / 51 Read more »
New York City will allow indoor dining starting September 30 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Clueless lots. Some livelihoods have been lost just for political correctness
Source: BusinessInsider - 🏆 729. / 51 Read more »
Life insurance worth 10 times your income often isn't enough - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
In media, being big is no longer good enough - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
4 ways to grow your side hustle into a lucrative, full-time business - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Entrepreneur RMKatz
Source: BusinessInsider - 🏆 729. / 51 Read more »