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0 Manchester United are set to lay off 250 employees in a major cost-cutting initiative. This decision follows a comprehensive review led by director Sir Dave Brailsford, implemented after INEOS became co-owner in December 2023.
The move comes after Sir Jim Ratcliffe, co-owner through INEOS, previously emphasized his desire for staff to return to working from the club’s offices. However, a new focus on financial restructuring is taking priority due to rising costs.
The review concluded that Manchester United’s current staffing structure is excessive compared to the club’s performance on the pitch. Additionally, the review identified “non-essential” activities that will be eliminated to save money. Specific details regarding these activities haven’t been disclosed yet.
With a workforce of 1,150, Manchester United is aiming to reduce headcount and employee expenses. Interim CEO Jean-Claude Blanc announced the job cuts to a large portion of the staff.
This decision is likely to face criticism, with some arguing that ineffective player recruitment has resulted in far greater financial losses than these staff cuts will save.
The post Manchester United to axe 250 jobs in cost-cutting drive first appeared on 3News.
