Michael Waltrip Racing filed a notice this past week with the North Carolina Department of Commerce that the team will lay off 217 employees effective Nov. 1, FOX Sports reports.
In North Carolina, where the team’s shop is located, a company is required to file Worker Adjustment and Retraining Notification (WARN), paperwork when laying off 500-plus employees or between 50 or 499 employees if they make up a third of the company’s workforce.
MWR has been running in a full-time capacity since the 2007 season. Co-owner Rob Kauffman bought into the organization in 2008. The team announced earlier this year it would not field a full-time entry in the 2016 season.