Red Bull went through “painful” redundancies to meet cost cap

Last year, F1 teams agreed to slash the sport’s planned cost cap from $175 to $145 million starting in 2021, followed by a further $5 million year-on-year reduction in subsequent seasons.
While several costs such as the salaries of the drivers and those of the top three employees are excluded from the cap, some of F1’s biggest teams have still had to radically downsize their teams to comply …Keep reading