View source for News/Motorsport Games to Lay off Staff

{{News
|seo_title=Motorsport Games to Lay off Staff
|seo_keywords=Motorsport Games
|image=Motorsport games.png
|tags=Motorsport Games
|date=2023-11-06T15:05:07.000Z
|sources={{NewsSource
|source=Games Industry
|url=https://www.gamesindustry.biz/motorsport-games-to-lay-off-up-to-38-employees
|article=News/Motorsport Games to Lay off Staff
}}
|author=Andura
|category=Business
|content=[[Companies/Motorsport Games|Motorsport Games]], the developer behind Nascar Rivals, recently initiated a round of layoffs, resulting in the reduction of around 38 positions, primarily impacting staff in the United Kingdom and Australia. This decision was made by the Miami-based studio as part of its efforts to reduce year-over-year operating expenses, as disclosed in a Securities and Exchange Commission (SEC) filing on October 29.

The company's restructuring program is expected to incur costs in the range of $400,000 to $500,000, which will cover severance and redundancy payments to affected employees. The majority of these expenses are slated to be disbursed during the fourth quarter of its fiscal year 2023.
}}