“If we lose, it makes sense that I step down,” Hiddink said at a press conference in Zeist Friday, reports Xinhua.
“I do not think a draw is enough either.”
The Netherlands lost two of their three Euro 2016 qualifying matches under Hiddink against the Czech Republic (1-2) and Iceland (0-2). They are now six points behind the leaders in Group A.
After the defeats the 67-year-old head coach was criticised in Dutch media. In the past weeks he spoke to captain Robin van Persie and other key players and they all agreed things have to change.
Hiddink stated that he wants, among other things, more discipline on the field, more mentality, more quality.
He also added some new players to the squad. Defender Jetro Willems and Ricardo van Rhijn returned after having played their last national team matches in 2013.
Memphis Depay, Georginio Wijnaldum and Ron Vlaar, who missed the previous matches through injury, have also returned.
Before the match against Latvia in Amsterdam the Dutch will play Mexico in a friendly Nov 12, also in Amsterdam.
Netherlands squad for the matches against Mexico and Latvia:
Goal: Jasper Cillessen (Ajax), Tim Krul (Newcastle United), Kenneth Vermeer (Feyenoord)
Defence: Bruno Martins Indi (FC Porto), Ricardo van Rhijn (Ajax), Joel Veltman (Ajax), Ron Vlaar (Aston Villa), Stefan de Vrij (Lazio), Gregory van der Wiel (Paris Saint-Germain), Jetro Willems (PSV)
Midfield: Ibrahim Afellay (Olympiacos), Daley Blind (Manchester United), Jordy Clasie (Feyenoord), Nigel de Jong (AC Milan), Davy Klaassen (Ajax), Wesley Sneijder (Galatasaray), Georginio Wijnaldum (PSV)
Attack: Memphis Depay (PSV), Klaas-Jan Huntelaar (Schalke 04), Luciano Narsingh (PSV), Robin van Persie (Manchester United), Quincy Promes (Spartak Moscow), Arjen Robben (Bayern Munich).