BBC News — Business: Companies

Ocado to Axe 1,000 Jobs in Cost-Cutting Drive

Ocado Group announced it will eliminate about 1,000 positions, roughly 5% of its global staff, over the next year. The majority of the cuts, around two‑thirds, will occur in the UK, especially at its Hatfield headquarters, focusing on technology and support roles. The restructuring is intended to trim operating costs by approximately £150 million following the loss of North American partner centres with Kroger and Sobeys. Ocado hopes the lower cost base will stabilize its online grocery and technology services.