If we don’t get Europe (in any form), and/or fail to make a significant cup run (final or winner), then I think he will be gone, unless there is some extenuating circumstances (e.g., serious injury crisis).
I absolutely don’t want him gone, but he needs to demonstrate that he can build and lead a squad that competes in multiple competitions simultaneously. We can’t write off every 2nd season because we have multiple games a week to play.