Haas chief Gunther Steiner is expecting a trickle-down of staff from the top Formula 1 teams in the near future as they make cuts to come in line with the budget cap for 2021.
F1 budget cap
Formula 1 managing director Ross Brawn has promised severe sanctions will be enforced for teams who breach the new financial regulations from 2021, saying the rules “have teeth”.
McLaren Racing CEO Zak Brown has called on Formula 1 bosses to get the sport reset "as quickly as possible" by introducing a budget cap for 2021 instead of using a glide path that would reduce costs gradually over a number of years.