McLaren Has Been Hit Hard By Market Downturn




As we reported previously, McLaren planned the new P1 to arrive by 2025 and intended to produce 75 percent more vehicles every year, with most of them being hybrid sports cars and supercars, with only the Ultimate Series hypercars retaining pure gas-powered engines. In order to achieve the raised target of 6,000 cars a year, McLaren hired a bunch of new staff, increasing those on its books to 2,500 individuals in 2018. In total, including over 800 individuals from the Formula 1 side of the company, around 4,000 people are employed. However, although the newcomers will likely be the first to leave, only 200 of them were recently offered employment. With 1,200 contracts being terminated, 70 of which come from the F1 team, more than a quarter of McLaren's workforce is going home.



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