Hours after losing to Tottenham Hotspur in the Europa League final, Manchester United reportedly started making layoffs again. Sir Jim Ratcliffe approved an additional 200 job cuts following the departure of 250 staff last year. The club rapidly reduced its workforce following the heartbreak in Bilbao.
On a momentous night at San Mames Stadium, Spurs won their first major championship since 2008, defeating United 1-0. There will not be any European football at Old Trafford next season, since Ruben Amorim’s team is predicted to finish as low as 17th in the Premier League this season.
United is now following Sir Jim’s cost-cutting measures despite missing out on a golden ticket to the Champions League.
According to the Daily Mail, the Red Devils have started the process of notifying the employees who have lost their employment.
Some of the 200 affected employees will find out their fate this week, which will undoubtedly make Wednesday’s result even more horrifying.
According to reports, Man United is eager to prevent the Spurs’ loss from happening again and will move swiftly to stop the team’s sharp downturn.
When Sir Jim took over football operations, the M16 giants laid off 250 people, promising that there would be no more layoffs.
However, in February, CEO Omar Berrada declared that more axes were coming as part of extreme measures to turn a profit again.
During the early days of the INEOS government, United faced criticism for portraying the brutal choice as a “transformation plan”- one of many revolting calls.
According to the source, the timing of the upcoming round of layoffs has come as a surprise, since the majority of the team is still in shock following the devastating defeat in Spain.
Also read: Tottenham beat Manchester United in the Europa League final
However, by participating in the Champions League, United stands to lose at least £100 million.
They must pay Adidas £10 million as a penalty for missing two consecutive seasons in Europe’s top league, among other financial penalties.
The matchday and broadcast income that eight European games typically generate will also decline significantly.
As with fans and former players outside Old Trafford, it is reasonable to assume that morale is low within the stadium.
Sir Jim will realize that improving on-field performance is the best way for United’s management to get out of their financial bind. The first step is to support Amorim during the summer transfer window.
