US EditionUK's Ocado to Eliminate up to 1000 Jobs in Cost-Cutting ...
Ocado aims to cut up to 1,000 jobs, mainly at its UK head office, to reduce costs and reach cash-flow positivity amid ongoing restructuring and market pressures.
- On Sunday, Ocado Group reported plans to cut up to 1,000 roles, mainly at its UK head office, as part of a 5% global workforce reduction potentially announced this month before the February 26 earnings report.
- Rising costs from years of expansion and research and development spending have pushed Ocado's management to simplify operations and enforce stricter cost and capital discipline for sustainable profits.
- Targeted teams include technology, legal, finance and human resources as Ocado simplifies its structure following 2025 cuts of around 500 roles, with company communications and staff support pledged.
- Employees now face added uncertainty as Ocado employees confront reported layoffs amid a volatile broader tech job market, while investors watch after prior 2023–24 reductions of roughly 1,000 jobs.
- Amid an industry-wide wave of layoffs, automation and artificial intelligence are accelerating redundancies, an ironic contrast for Ocado’s robotic warehouse business founded by three former Goldman Sachs bankers.
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Ocado Layoffs: British Tech Firm To Cut Jobs in Major Restructuring Following Financial Setbacks; 1,000 To Be Impacted | 📲 LatestLY
Ocado Group is reportedly planning to cut 1,000 jobs, representing 5 per cent of its workforce, following a difficult year. The move targets UK head office and tech roles to reduce costs. This follows the closure of automated sites in North America. Ocado aims to be cash-flow positive by 2025-26. 📲 Ocado Layoffs: British Tech Firm To Cut Jobs in Major Restructuring Following Financial Setbacks; 1,000 To Be Impacted.
Ocado to axe 1,000 jobs in cost-cutting drive
Ocado is understood to be cutting as many as 1,000 positions in a fresh round of job losses, representing approximately five per cent of its workforce worldwide.The British grocery technology company is pursuing renewed efforts to reduce costs after enduring a particularly difficult twelve months for its automated warehouse operations.Discussions remain at an early stage and no definitive decision has been reached, according to sources familiar …
Ocado layoff: UK tech firm plans to cut 1,000 jobs in latest cost-saving drive
British supermarket technology giant Ocado Group is reportedly preparing a major round of layoffs that could affect up to 1,000 employees. While the company is yet to announce the fresh wave of layoffs, the move reportedly tighten spending and refocus its operations amid challenging market conditions.
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