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Layoffs coming in rapid succession as perfect storm hits NASCAR

A slowdown in the NASCAR economy was expected after this season even if the nation's economy remained strong. With markets roiling across the globe, NASCAR is facing a perfect storm as layoffs and cutbacks hit the industry at a rapid pace, writes David Newton.

Updated: November 28, 2008, 11:38 AM ET
By David Newton | ESPN.com

CONCORD, N.C. -- The warm South Florida sun was a welcome change from the morgue-like atmosphere at Dale Earnhardt Inc. when Dave Kwasniak and Chris Hamilton arrived at Homestead-Miami Speedway last Friday. They were focused on helping Regan Smith win the Sprint Cup rookie of the year title, not the 100 or so of their fellow employees that had been laid off a few days earlier.

Then, shortly after qualifying, the word came:

Meet John Story, the organization's vice president ...

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