Indy Layoffs

The COVID-19 crisis is even affecting Roger Penske’s many business interests, including the IndyCar series and Indianapolis Motor Speedway, where pay cuts and layoffs have begun.

In a letter to all of his Penske Corporation employees, which numbers 60,000 worldwide, Penske stated that the company’s senior leadership will be taking pay cuts, and RACER understands that approximately 50 workers in IndyCar and IMS have been temporarily laid off, with their benefits remaining intact.

It’s believed some of the jobs put on hold were the construction workers making improvements to the Speedway, which is now scheduled to host the 104th Indianapolis 500 on August 23.

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