- Manchester United is set to cut 250 jobs, reducing its workforce by nearly a quarter.
- The job cuts are part of a major operational overhaul under the guidance of new co-owner Sir Jim Ratcliffe.
- The move reflects a determined effort to streamline costs and enhance the club’s financial sustainability.
- An internal review found that Manchester United’s staffing levels do not correspond with the club’s on-field performance, indicating an imbalance that Ratcliffe aims to correct.
Newsypeople- The renowned football club Manchester United has announced plans to trim its workforce by 250 positions as part of a strategic initiative aimed at slashing costs and eliminating certain “non-essential” activities within the organization.
This decision follows a comprehensive review of Manchester United’s operations, led by director Sir Dave Brailsford, which was initiated after British billionaire Sir Jim Ratcliffe acquired a 25% stake in the club and assumed control of its football operations in December.
The review revealed that the club’s current structure and staffing levels do not align with its on-field performance, indicating an excess of personnel. As a result, the club has identified significant cost-saving opportunities, particularly around discontinuing “non-essential” activities, though specifics have not been disclosed.
Interim CEO Jean-Claude Blanc conveyed the impending job cuts to approximately 800 staff members during a recent meeting. The decision to reduce the workforce by around 22% of the club’s 1,150 full-time employees is aimed at lowering employee costs and achieving long-term financial sustainability.
While the move is expected to face criticism, with some pointing to the club’s significant spending on player transfers and wages as a more significant source of waste, Manchester United’s leadership believes these staff reductions are necessary to align the club’s operations with its current football performance and comply with financial regulations.
The job cuts will impact various departments and levels within the organization, excluding the Manchester United Foundation, the club’s charitable arm. United are also implementing other cost-saving measures, such as recalling employees to the office, charging for travel to events, and revoking company credit cards.
Overall, the decision to reduce the workforce by 250 jobs reflects Manchester United’s broader efforts to restructure and optimize its operations under the guidance of new co-owner Sir Jim Ratcliffe, who has acknowledged encountering “lots of bad surprises” at the club and is committed to driving improvements across the organization.
See the post below…
🚨 𝗕𝗥𝗘𝗔𝗞𝗜𝗡𝗚: Manchester United are set to make almost 25% of its workforce redundant.
— Transfer News Live (@DeadlineDayLive) July 3, 2024
Staff were given the bombshell news that up to 250 of the club’s 1,100 employees will be losing their jobs.
(Source: @MikeKeegan_DM) pic.twitter.com/2XsxQJYsHD
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