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‘Painful’ McLaren redundancies aimed at fitting team to F1’s new future
The staff reductions announced earlier this week by McLaren are necessary to ensure the team is in the best shape to achieve success under Formula 1’s new regulations, according to team principal Andreas Seidl. After teams agreed to a lower budget cap of $145 million in 2021 — dropping to $135m by 2023 — as well as aerodynamic testing restrictions to help make the sport more sustainable, McLaren confirmed it envisaged making around 70 redundancies in its F1 team even before the FIA World Motor Sport Council rubber-stamped the new rules. Those layoffs come as part of much wider cutbacks of the McLaren Group as some 1200 jobs will be lost, but Seidl says the F1 changes are...
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