Ocado is cutting around 1,000 jobs across its UK and worldwide workforce. The company is committed to supporting affected employees through this transition and will provide assistance to help them find new opportunities or retraining options.
Ocado has announced plans to reduce costs by around £ 150 million as part of its latest restructuring effort.
Following its latest financial results, Ocado confirmed that about 5% of its global workforce is being cut, with approximately two-thirds of the job losses impacting its UK operations, including staff at its headquarters in Hatfield, Hertfordshire. This restructuring aims to optimize operations and ensure long-term sustainability amid market challenges.
It is understood that the majority of cuts will affect staff at the company’s headquarters in Hatfield, Hertfordshire.
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.
The company, which runs robotic warehouses for supermarket chains, confirmed it plans to scale back research and development (R&D). This strategic shift aims to optimise resources and signals a focus on sustainable growth, reassuring industry analysts and employees about Ocado’s innovative future.
The group is set to restructure its commercial, support, and R&D operations by merging Ocado Solutions and Ocado Intelligent Automation into a single division. This move aims to streamline operations and strengthen long-term growth prospects, helping stakeholders feel more confident about Ocado’s future.
Ocado chief executive Tim Steiner said: “Regrettably, this means a significant number of roles will no longer be required.
We are grateful to colleagues who are affected by these changes, and whose talent and hard work have made a lasting contribution to Ocado.
“We will support those impacted through this process.”
Steiner added: “With exclusivity arrangements concluded in most markets, we have greater flexibility to pursue new partnerships and growth opportunities.
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.
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