The employees of the USF1 team were in for a shock when they checked their official email IDs last week. Now all this is unconfirmed news but it been broken by the who’s who of the Formula One news. Rumour is that the USF1 team boss Ken Anderson has emailed all of his USF1 staff to let them know that they are being laid off permanently.

Apparently, Peter Windsor has also abandoned ship. It is being speculated that if the project restarts then the staff may be rehired for the team. Already, the FIA seems to be contemplating action against the team after it was unable to produce its cars for the 2010 Bahrain Grand Prix.

The full contents of the email aren’t out there yet, but apparently it had references to the economic slowdown and the downturn in the economy. Quoting from the alleged email, the decision was made due to “serious economic and funding challenges”.

There are reports that some employees have even filed lawsuits for unpaid salaries and wages.

We hope that the team is able to sort out finances and is able to come forward for the 2011 Formula One season.