United Plans to Lay Off Hundreds of Employees

Manchester United, a Premier League football club, announced on Monday that it will be cutting between 150 and 200 jobs as part of a restructuring plan aimed at achieving profitability after years of financial losses.

The club stated that the “transformation” plan follows the elimination of 250 jobs last year.

Omar Berrada, the club’s CEO, said in a statement: “We’ve lost money for the last five consecutive years. This can’t continue.”

The club has undergone significant restructuring and cost-cutting since British billionaire Jim Ratcliffe acquired a 25% stake in the club and took charge of football operations in an effort to improve the club’s sporting performance.