Ocado to cut 1,000 jobs in £150m cost-saving drive

4 days ago 4

Major restructure by retail technology business will lead to reduction of about 5% of global workforce

Ocado is to cut 1,000 jobs as the retail technology business attempts to slash costs by £150m in a major restructure.

The group confirmed about 5% of its global workforce is being cut, with about two-thirds of the job losses affecting its UK operations.