Ocado layoffs: British grocery store expertise agency Ocado Group Plc is planning to shed as much as 1,000 jobs as a part of its renewed efforts to chop prices, The Sunday Instances reported on Sunday, 8 February, citing individuals accustomed to the matter.
In line with the report, Ocado’s proposed layoffs, amounting to almost 5% of the corporate’s international headcount, are nonetheless at an early stage, with no ultimate choice but.
“We often assessment our operations to make sure we’re arrange for long-term success,” Ocado mentioned in a press release quoted by the information report. “If and when choices are made that have an effect on our individuals, we’re dedicated to speaking with them instantly and making certain they’re supported all through.”
The job cuts are anticipated to come back into impact this month, primarily affecting the corporate’s UK-based head workplace. The layoffs will probably hit the corporate’s expertise roles, in addition to some back-office jobs throughout authorized, finance and human sources groups, an individual accustomed to the event advised the information portal.
In 2025, the corporate reportedly introduced it might lower 500 jobs in expertise and finance roles to scale back spending on analysis and growth. Ocado had decreased its workforce by about 1,000 within the earlier fiscal 12 months, 2023-24.
Ocado outcomes forward
In line with The Sunday InstancesOcado is about to report the corporate’s monetary outcomes on 26 February 2026. The corporate additionally final month reiterated its aim of turning into optimistic in money stream within the upcoming monetary 12 months, “underpinned by rigorous value and capital self-discipline.”
The corporate, based in 2000, has constructed its enterprise mannequin on promoting robot-operated warehouse expertise to a number of the world’s greatest supermarkets, together with Marks & Spencer.
Ocado Group Plc inventory closed 0.70% greater at 231.50 GBX (Nice British Pence) after Friday’s buying and selling session, in comparison with 229.90 GBX, in accordance with the MarketWatch knowledge.
In line with The Sunday Instancesshares of the corporate have plunged by practically one-third during the last 12 months. The corporate’s two key North American prospects introduced plans to shut a variety of automated services because of considerations about prices and effectivity.
Though the corporate is about to obtain lots of of hundreds of thousands in compensation on account of the warehouse closures, it’s dealing with a major blow to its ambitions to remodel the worldwide grocery store business with superior robots that may pack and type groceries for supply at speedy speeds.