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UK's Ocado to cut 1,000 jobs as it aims to boost cash flows
Ocado targets £150 million in savings by cutting 1,000 jobs, mainly in UK tech and support teams, to improve cash flow amid partner warehouse closures in North America.
- On Thursday, February 26, 2026, Ocado Group announced it will cut around 1,000 jobs to reduce costs by about £150m as part of a restructure.
- Following the end of exclusivity arrangements, U.S. grocery partner Kroger Co. closed three fulfilment centres and Canadian partner Sobeys Inc. shut one in Calgary.
- About 5% of Ocado's global workforce of about 20,000 is being cut, with two-thirds of losses in the UK mostly at Hatfield, Hertfordshire headquarters.
- Ocado shares fell as much as 1% in Thursday morning trading, with analysts warning it may struggle as retailers shift to in-store fulfilment.
- Management said it expects to turn cash-flow positive in the second half of its fiscal year as it merges Ocado Solutions and Ocado Intelligent Automation and refocuses on in-store automation in the U.S.
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Total News Sources65
Leaning Left10Leaning Right4Center30Last UpdatedBias Distribution68% Center
Bias Distribution
- 68% of the sources are Center
68% Center
L 23%
C 68%
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