NASCAR starts 2019 with layoffs

NASCAR starts 2019 with layoffs

CHARLOTTE, NC (WBTV) - News broke Friday afternoon, via Adam Stern at SportsBusiness Journal, that major layoffs were occurring throughout the day in various departments in NASCAR.

Below is a statement released to WBTV from NASCAR:

“As all good businesses do, NASCAR is committed to strengthening its operation to ensure that resources are aligned to strategies that grow the sport and drive our business. We have a talented team at NASCAR and we’re confident that greater focus on the opportunities to drive fan interest and strong industry partnerships will help our sport achieve long-term growth.”

NASCAR announced in November that it had made an offer to acquire ISC shares in a bid to combine companies, with the goal being one privately run group by the France family.

Copyright 2019 WBTV. All rights reserved.