Granit Xhaka is leading a player revolt at Arsenal after it was announced there would be 55 job losses.
Gunners head of football Raul Sanllehi and managing director Vinai Venkatesham released a statement on Wednesday, saying: “Over recent years we have consistently invested in additional staff to take the club forward.
"But with the expected reduction of income in mind, it is now clear that we must reduce our costs further to ensure we are operating in a sustainable and responsible way, and to enable us to continue to invest in the team.
"Our aim has been to protect the jobs and base salaries of our people for as long as we possibly can.
"Unfortunately, we have now come to the point where we are proposing 55 redundancies."
The coronavirus crisis has especially hit Arsenal hard, as well as missing out on Champions League football.
But players are furious after being assured that pay cuts would help keep members of staff at the club in a job.
After Arsenal qualified for the Europa League through their FA Cup win over Chelsea, it saw their proposed wage drops go from 12.5 per cent to 7.5 per cent.
However, it was not enough to spare everyone with 55 still looking set to be axed - much to the dismay of Xhaka.
The Arsenal captain was the most vocal over the news heard by players on Wednesday, according to the Daily Mail.
The Swiss midfielder's outrage was shared by Mikel Arteta and his teammates.
And the group will address the club over their grievances and will seek answers over the mismanagement of funds.
The news came less than 24 hours before reports emerged over Pierre-Emerick Aubemayeng agreeing to a bumper new deal.
Chelsea winger Willian is also on the brink of joining on a lucrative contract.
Arsenal legend Ian Wright offered his thoughts on the decision to axe 55 members of staff by saying: “Remember who you are, what you are and who you represent!!!”