Does it? I think if you look at it objectively it doesn't say that at all. You need to consider all the factors when assessing the decision.
All factors ok cool.
Individual games last season that I remember specifically where ETH was out tactic'd by his opponent:
4 - 0 v Palace.
1 - 1 v Burnley - Oh yeah they got relegated and sacked their manager.
3 (4) - 3 (2) v Coventry - after leading 3 - 0 at halftime and not losing in the final minutes by virtue of VAR.
2 - 2 v Bournemouth.
4 - 3 v Chelsea - after leading in the 90th minute only to end up losing.
1 - 1 v Brentford - scoring in 90+ minutes only to immediately concede.
1 - 2 v Fulham.
0 - 3 v Bournemouth.
0 - 1 v Crystal Palace.
1 - 3 v Brighton.
Oh, and then there's the absolute disastrous Champions League campaign, finish bottom of a group that consisted of Copenhagen and Galatasaray.
Don't forget being dumped out of the League Cup by Newcastle at home.
Struggling to control the game and beat Newport in the FA Cup.
These results alone should have seen him go months ago.
But wait, there's more:
9 games lost at Old Trafford.
14 games lost in the PL.
19 games lost in all competitions.
85 goals conceded in all competitions.
58 goals conceded in the PL.
57 goals scored in the PL.
Negative goal difference.
Lowest ever position finish in the PL.
Highest number of shots faced in a PL season.
These are not isolated incidents, and on the whole point to a manager who is tactically poor and inflexible amongst other things. You also cannot chalk all of this up to "injuries" (this is, after all, why you have a whole club full of players, from the youth teams to the reserves to call upon if needed) or the takeover.
Poor in training, poor at managing injuries and on and on and on.
We have also been on a bit of a tailspin since the previous season and just before the league cup final (when he had his strongest teams available). We shouldn't be struggling to beat the bottom teams in the PL, definitely not getting battered by them consistently.
He's also been in the job for 2 years and has been backed more than any other manager we've had (to the tune of £400m+)
So taking all these factors into account, just from this season he is statistically our worst ever manager and should have been replaced.
Did people also forget the 7 - 0 at the hands of the Scousers?