Cash-strapped Football Australia (FA) is set to cut more than 20 per cent of its staff in response to a looming second-straight record financial loss.
But chief executive Martin Kugeler is adamant the serious belt-tightening won't impact the Socceroos or Matildas, who are preparing for their respective World Cups.
Kugeler on Tuesday confirmed FA would undergo a "significant reset and restructure" to allow it to work within its financial means, in response to a loss that would exceed last year's record $8.5 million deficit.
"Two significant losses, and increasing losses year-on-year, is obviously not a situation that is sustainable or acceptable," Kugeler said.
FA held an all-staff meeting on Tuesday morning regarding the financial news and separate meetings were held with affected staff throughout the day.
