International Speedway Corp. has reduced staff at its Daytona Beach, Fla., headquarters by approximately 20 percent as part of a cost-cutting measure, company executives said Thursday on a conference call announcing its third-quarter financial results.
ISC, which owns and operates 12 Sprint Cup venues including Daytona International Speedway, is undergoing a corporate streamlining that hopes to save the company at least $20 million in 2011. ISC's Daytona office employed around 250 people at the beginning of this year, meaning that the restructuring affected about 50 employees. Most of those were laid off, the company confirmed. Employees at race tracks were not affected.
