Manchester United will make up to 200 jobs redundant to “return the club to profitability”.
About 250 members of staff were made redundant last year in a first wave of cost-cutting measures by co-owner Sir Jim Ratcliffe.
In a meeting with staff on Monday, United chief executive Omar Berrada informed employees that there would be a fresh round of redundancies as part of a “transformation plan”.
A club statement read: “The transformation plan aims to return the club to profitability after five consecutive years of losses since 2019.”
It added that “approximately 150-200 jobs may be made redundant, subject to a consultation process with employees”, with the process expected to take between three and four months.
Last week the club revealed a loss of £27.7m in their second quarter financial results and the Red Devils have lost more than £300m over the past three years.
United are on course for their lowest finish in the Premier League era as Ruben Amorim’s team are 15th in the table after Saturday’s 2-2 draw at Everton.
The club statement added that the additional measures are being taken to “improve the club’s financial sustainability and enhance operational efficiency.
“This will create a more solid financial platform from which the club can invest in men’s and women’s football success and improved infrastructure.”
Berrada said: “We have a responsibility to put Manchester United in the strongest position to win across our men’s, women’s and academy teams.
“These hard choices are necessary to put the club back on a stable financial footing.
“We have lost money for the past five consecutive years. This cannot continue.
“Our two main priorities as a club are delivering success on the pitch for our fans and improving our facilities. We cannot invest in these objectives if we are continuously losing money.”
