Layoffs slated for Indy Racing League, IMS

December 19, 2008

Indy Racing League and Indianapolis Motor Speedway are planning staff cuts, likely before year end, to become more efficient during a difficult economic environment, according to sources within both organizations who are familiar with the decisions.

The number of layoffs was not immediately available.

The IMS also has instituted a hiring freeze. The sources referred official comment to IMS and IRL spokesman Fred Nation, but Nation was not available for comment this morning.

Several teams - including Vision Racing, which is owned by IMS Chairman Tony George - also are looking at tightening belts, and may lay off staff before year's end, the sources said.

Earlier this week, IMS announced the closure of the Brickyard Crossing Inn, and the layoff of 15 hotel employees. However, the impending staff cuts across the IMS and IRL will go deeper.

For more, go to IBJ's sports blog, The Score.

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