Under the scheme announced by UK finance minister Rishi Sunak last month, furloughed workers can claim 80% of their wages up to £2,500 (roughly R57,427) per month.
“These decisions have not been taken lightly. Our aim is to protect the jobs of our staff ... and ensuring they can return to full-time work when the situation allows,” added Williams.
The 2020 Formula One season, which was scheduled to begin in Melbourne last month, is yet to get under way after the pandemic cancelled the Australian and Monaco Grands Prix.
Races in Bahrain, Vietnam, China, the Netherlands, Spain and Azerbaijan have also been postponed, with racing unlikely to start until the European summer at the earliest.