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From FOX News
NASCAR laid off roughly 50 employees Friday in a belt-tightening move amid a proposed bid to purchase the International Speedway Corporation, which owns and manages racing venues that host NASCAR races, according to reports.
The number of those let go is less than 5 percent of the company’s workforce. The cuts are said to have hit several departments in the organization's competition and business operations, according to the Daytona Beach Business News-Journal. NASCAR did not say which of its offices were affected.
“A little less than 5 percent of our total workforce was laid off today across our entire company,” a NASCAR official told the publication.
“We’re looking to take our remaining resources and focusing them on initiatives we already have in place that require dollars and that will help us grow.”
COMMENT:-
Now this is getting SERIOUS!
NASCAR lets go of 50 employees in round of layoffs
NASCAR laid off roughly 50 employees Friday in a belt-tightening move amid a proposed bid to purchase the International Speedway Corporation, which owns and manages racing venues that host NASCAR races, according to reports.
The number of those let go is less than 5 percent of the company’s workforce. The cuts are said to have hit several departments in the organization's competition and business operations, according to the Daytona Beach Business News-Journal. NASCAR did not say which of its offices were affected.
“A little less than 5 percent of our total workforce was laid off today across our entire company,” a NASCAR official told the publication.
“We’re looking to take our remaining resources and focusing them on initiatives we already have in place that require dollars and that will help us grow.”
COMMENT:-
Now this is getting SERIOUS!