Arsenal are reportedly planning to cut 60 jobs as part of cost-cutting measures at the Emirates Stadium.It comes just days after manager Mikel Arteta signed a new £25million-a-year contract.Arsenal have informed staff they are set to cut 60 jobsGettyHis improved terms equate to an income of around £68,500-a-day.The Spaniard has committed his future to the Gunners, with his deal now running until the summer of 2030.Arteta’s previous contract had been due to expire at the end of this season, with his salary also rising from £10million annually.He had already been the Premier League’s highest paid manager before being rewarded for ending the club’s 22-year wait for a title.Arsenal job cutsHowever, Arsenal are now set for a round of redundancies a week on from handing their boss a new contract.According to multiple reports, the club have informed staff they plan to cut 60 jobs in a bid to cut costs.Employees were informed of the news by chief executive Richard Garlick on a call on Wednesday morning.It is understood there are areas of the club which will not be affected by the redundancies.Those include performance staff within both the men’s and women’s first-teams as well as the academy.Instead, off-field areas will be targeted by the upcoming job cuts.The Gunners will target areas off the pitch in a bid to cut costsGettyThe Arsenal Foundation, community positions and security department will also remain unaffected, though.It is a move which comes after Arsenal reported losses for the seventh successive financial year.The club’s most recent financial reports, covering the 2024/25 season, included a significant rise in operating costs.Figures increased from £148million in the previous campaign to £201million.Those come despite the Gunners’ improvement on the pitch under Arteta in recent seasons.As well as their title triumph last term, Arsenal also reached their first Champions League final since 2006.Arteta was handed a new £25million-a-year contract last weekGettyHowever, they were ultimately beaten on penalties by Paris Saint-Germain in May.This season also marks their fourth successive campaign in the competition having returned under Arteta in 2023.