Xabi's current lack of a club should, in my opinion, pose a threat to Arne Slot. Because as a Liverpool legend, if a vacancy arises in the Liverpool managerial staff, he would be one of the strongest candidates. I don't think he played badly at Real Madrid. He managed the team quite well, especially at the start of the season. Defensively, due to injuries and other unpredictable problems, they sometimes fell behind Barcelona, but I don't think that was enough reason to let him go. Real Madrid may have made a mistake by letting him go. However, this could create an opportunity for Liverpool in the future.
Looking at Liverpool's recent performances, they seem to have overcome their difficult period and are gradually improving. In this respect, it looks like Slot will remain in charge of the team for a while longer.
Xabi Alonso exit from Real Madrid is going to be having pressure on Arne Slot because he fails to bring stability in Liverpool performance, this is going to be problem for him in upcoming matches, in last 11 games they have 6 wins 5 draws, these are decent results still not acceptable for top team which is defending title.
Xabi Alonso was doing good job at Bernabéu, but sadly players were not happy and then things gone on his opposite side still he is having enough skills to stay with any top team like Liverpool with Arne Slot needs to be having improved performance. Here I have to agree, Real Madrid management done this decision in hurry, and they have to be paying price for this, but this could be good for Xabi Alonso because he can go ahead in his future with good clubs few already have spots open for him.