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McLaren to cut over a quarter of its workforce

According to a statement issued by the McLaren Group just two days before its financial results are due, 1200 of its 4000 employees are now set to be made redundant. McLaren says the business has been "severely affected" by the crisis; demand for its supercars has dropped, and the delayed start to the 2020 Formula 1 and Formula E championships has dried up the brand's motorsports revenue.

 

Read the full article on Hagerty.com: 

https://www.hagerty.com/media/news/mclaren-to-cut-over-a-quarter-of-its-workforce/

 

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