Home » News » Manchester United faces massive layoffs as the club undergoes an overhaul

Share This Post

Attrition / Business / Featured News / HR Trends / Top News

Manchester United faces massive layoffs as the club undergoes an overhaul

Manchester United faces massive layoffs as the club undergoes an overhaul

Manchester United is planning to significantly reduce its staff. This decision follows Sir Jim Ratcliffe’s acquisition of a large stake in the club. The restructuring is being led by Ratcliffe’s football operations team, resulting in decreased morale among employees, especially with the Club’s upcoming US tour.

The plan is to cut around 250 jobs at Old Trafford, affecting various staff members who have been informed individually about the potential layoffs. The staff reductions are part of a broader strategy to control costs, which has also impacted the preseason tour. Originally scheduled to begin on July 24, the tour has seen last-minute withdrawals of some staff members to reduce costs.

The tour now includes around 125 members, down from the total personnel of last year’s tour in the US. Reports indicate that there is tension at the club, with many staff members feeling upset and mistreated. Criticism has been directed at the Club’s history of costly player signings, which staff believe has led to financial waste rather than addressing recruitment failures.

The Club has announced plans to reduce its 1,112-strong workforce by nearly a quarter to cut operational costs, aiming to save around £10 million. This cost-cutting measure follows a decade of heavy spending on players, with Manchester United investing around £1.1 billion compared to Real Madrid’s £200 million.

SHARE THIS POST:
Home
News
Members
Forum