In order to allow the team to operate at a minimum level during the non-racing period, a very small number of support staff will retain their roles.
CCC Team President Jim Ochowicz said the team has been forced to take these measures in the hope that racing will resume this year.
“The decision to make widespread cuts has been a painful process and one that we did not foresee even a matter of weeks ago. The economic implications of the Covid-19 pandemic have had a drastic effect on business for our title sponsor CCC and like other professional cycling teams, we are now faced with a lack of cash flow due to unforeseen reductions in our sponsorships. This aspect of our business is beyond our control. We know there will be no racing until June at the earliest but the situation is constantly evolving and right now, we can only act on a short-term basis. In order to have the budget to race should the season start again, we have had to temporarily suspend all but a handful of staff and heavily reduce rider salaries. As soon as racing can resume, we hope to be in a position to reinstate as many support staff as possible and reevaluate our budget,” Ochowicz said.
“This is a difficult time for everyone and we will continue to represent our sponsors and fans to the best of our ability while we eagerly wait to get back to what we love doing; bike racing. We will do everything possible to keep the team going during this period and hope to bounce back once the Covid-19 situation improves.”
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