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There will be mass redunancies and not enough money to actually make a car after they have paid staff, drivers, rent, travel, accomodation, etc..
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Mosley pondered on this during an interview with the German magazine "Der Spiegel": Why do you need a staff of one thousand employees to get two cars to race 18 times?
I must agree with him in this point: The staff of the factory backed teams especially are way overblown. You simply can't tell me that you cannot run a team with say 100 folks without any visible difference. Sure, not every last screw might be checked if it is really the absolute lightest available, but who gives a ...?