- 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.
– Manchester United, the well-known football club, is planning to reduce its workforce by 250 positions. This strategic move aims to cut costs and remove certain unnecessary activities within the organization.
Following a thorough evaluation of Manchester United’s operations by director Sir Dave Brailsford, this decision was made. The review was prompted by British billionaire Sir Jim Ratcliffe acquiring a 25% stake in the club and taking over its football operations in December.
The assessment found that the club’s current structure and number of staff do not match its performance on the field, indicating an excess of personnel. Consequently, the club has pinpointed significant opportunities to save costs, especially by discontinuing “non-essential” activities, without providing specific details.
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.
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
— Transfer News Live (@DeadlineDayLive) July 3, 2024