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Indianapolis Motor Speedway officials are eliminating jobs, though a company spokesperson would not provide a figure.
Speedway officials have also implemented a hiring freeze, and acknowledge more jobs could be lost next year if the economy continues to slump.
Earlier this week the speedway, located near Indianapolis, closed its 45-year-old hotel, the Brickyard Crossing Inn, where some drivers used to stay. That decision cost 15 full-time employees their jobs.
Speedway officials join a growing group of sports leagues and teams that have been forced to cut back.
Last week, the National Football League announced it would lay off 10 per cent of its staff. The NBA, NASCAR teams and the company that runs Major League Baseball's Internet division also have announced layoffs. The NHL hasn't laid off workers, though it is under a hiring freeze.
Auto racing, whose teams, tracks and races are often funded by major corporate sponsorships, could be especially vulnerable.
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