Preheat your oven to 325 degrees F. Spray three 8-inch round pans with nonstick spray, line with parchment paper and spray again.
Whisk together the dry ingredients in a medium bowl and set aside.
Place butter in the bowl of an electric mixer and beat on medium-high for 2 to 3 minutes, until light and fluffy,.
Add in the brown sugar and beat on medium-high speed for another 2 minutes.
On medium-low, gradually add in the eggs and molasses until incorporated. Scrape down the sides of the bowl. Beat again for another 2 to 3 minutes, until the mixture is smooth and nearly double in volume.
Alternating between dry and wet, add in the flour mixture and the buttermilk in three additions on low speed.
Once mixed, place the batter into the prepared pans, about 15-16 ounces of batter in each pan.
Bake 25 to 30 minutes.
Cool cakes in pans for about 10 minutes and then invert onto wire cooling racks to cool completely.