Wood Brothers lay off 25 people

Wood Brothers Racing has downsized its Sprint Cup and Craftsman Truck Series operations [supposedly 25 people] effective immediately. The Wood Brothers expect to continue the 58-year tradition of the #21 Ford when racing resumes in February. "This economic downturn has been tough on everyone and racing is not immune," team owner Eddie Wood said. "What we're experiencing now is a dramatic correction but we will be geared up for the 51st running of the Daytona 500. We will be racing in 2009. We're just not sure what that schedule looks like at this time. We're going to do whatever is necessary to survive." FoxSports