McLaren is planning to lay off around 1,200 people as part of a proposed company restructure.
British supercar firm McLaren has announced plans to lay off 1,200 staff, or roughly 25% of its workforce. McLaren said it had been "severely" impacted by the pandemic, adding that the cancellation of motorsport events, the suspension of manufacturing and retail, and reduced demand for technology had all hit its revenue.
"It is a course of action we have worked hard to avoid, having already undertaken dramatic cost-saving measures across all areas of the business. But we now have no other choice but to reduce the size of the workforce."
Oh no!!! God Bless us all 🥰😇
This is why the economics will prove more serious than the pandemic
Pissed that I’m under invested this morning but I was happy on the days it was down 1,000 ,can’t have it both ways
In 2020, McLaren prices a new 650S from $265,500.
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