After Desafío and Team Origin, Team Germany modify their plans considering the "crisis" that America's Cup is in.

According to a report to be publish in Monday's edition of German magazine Focus, the German challenge will "significantly reduce" its operation costs and will lay off almost all of its employees, including its sport director Joechen Schuemann, as part of a restructuring effort to survive for 2011.

"A certain number of contracts, including Jochen Schuemann's, expires on March 31 and we will not be extended," said Team Germany's owner Michael Scheeren. "We cannot continue to finance a large team without knowing more about where the America's Cup will take place in 2011".