Since Sir Jim Ratcliffe's takeover at Manchester United, drastic cost-cutting measures have been implemented, including scrapping the staff Christmas party, reducing funding for the Manchester United Foundation, and set to close the Old Trafford canteen. Instead of offering free meals, employees will receive fruit, while players alone will lunch at the training ground. Following a loss of over £300 million over three seasons and costly managerial changes, the club anticipates further staff layoffs to continue saving costs, especially with current poor performance threatening necessary European qualifications that impact revenue.
Sir Jim Ratcliffe has implemented severe cuts at Manchester United, including staff redundancies, the cancellation of the Christmas party, and reduced service at the Old Trafford canteen.
The club faces financial challenges, having lost over £300 million in the past three seasons, prompting additional layoffs of up to 200 staff to save costs.
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