{"id":446539,"date":"2026-02-26T11:20:12","date_gmt":"2026-02-26T11:20:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/446539\/"},"modified":"2026-02-26T11:20:12","modified_gmt":"2026-02-26T11:20:12","slug":"ocado-to-slash-1000-jobs-in-major-150million-cost-cutting-move","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/446539\/","title":{"rendered":"Ocado to slash 1,000 jobs in major \u00a3150million cost-cutting move"},"content":{"rendered":"

A major UK-based grocery is slashing around 1,000 jobs across its UK and worldwide workforce.<\/p>\n

Ocado has announced plans to reduce costs by around \u00a3150million as part of its latest restructuring effort.<\/p>\n

Following its latest financial results, Ocado confirmed around five per cent of its global workforce is being cut, with about two-thirds of the job losses impacting its UK operations.<\/p>\n

It is understood that the majority of cuts will impact members of staff at the company’s headquarters in Hatfield, Hertfordshire.<\/p>\n

\"Ocado<\/p>\n

Ocado is cutting jobs <\/p>\n

| PA<\/p>\n

The company, which runs its own UK online grocery business through a joint venture with Marks & Spencer, posted a 59 per cent boost in underlying earnings in its 2024\/2025 financial results.<\/p>\n

Furthermore, Ocado, which runs robotic warehouses for supermarket chains, confirmed it plans to scale back research and development (R&D).<\/p>\n

The group is set to restructure its commercial, support, and R&D operations, which will see Ocado Solutions and Ocado Intelligent Automation merged into a single division.<\/p>\n

Ocado chief executive Tim Steiner said: \u201cRegrettably, this means a significant number of roles will no longer be required.<\/p>\n

\"OcadoOcado is understood to be preparing 1,000 job cuts | GETTY \"FourFour graphs prove the UK economy is in serious trouble | GB NEWS<\/p>\n

“We are grateful to colleagues who are affected by these changes, and whose talent and hard work have made a lasting contribution to Ocado. <\/p>\n

“We will support those impacted through this process.\u201d<\/p>\n

Shares in the company have fallen 27 per cent over the past year after both its North American partners confirmed they would shutter robotic customer fulfilment centres following weak demand.<\/p>\n

Notably, Ocado claims the expiry of exclusivity agreements in the majority of its overseas markets, including the U.S., frees it to pursue new partners.<\/p>\n

\"exterior<\/p>\n

Ocado is partnered with M&S <\/p>\n

| MARK AND SPENCER PRESS OFFICE <\/p>\n

Despite this, market analysts question whether Ocado can secure new deals following its issues with existing partners.<\/p>\n

Mr Steiner added: “With exclusivity arrangements concluded in most markets, we have greater flexibility to pursue new partnerships and growth opportunities.<\/p>\n

“We are well set to re-enter multiple markets with an evolved technology platform, designed to be more flexible, offering a wider range of solutions to help retailers to run more efficiently.”<\/p>\n","protected":false},"excerpt":{"rendered":"A major UK-based grocery is slashing around 1,000 jobs across its UK and worldwide workforce. Ocado has announced…\n","protected":false},"author":2,"featured_media":446540,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,1294,2222,56,54,55],"class_list":["post-446539","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-money","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/446539","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=446539"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/446539\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/446540"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=446539"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=446539"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=446539"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}