Ocado has announced intentions to cut approximately 1,000 jobs as part of a broader effort to save about £150 million. The online grocery retailer stated that the job reductions would impact around 5% of its workforce, with the majority affecting its operations in the UK, including its headquarters in Hatfield, Hertfordshire. The company plans to streamline its research and development by merging Ocado Solutions and Ocado Intelligent Automation into a single unit.
These job cuts do not affect Ocado’s retail division, with the announcement coming alongside a significant rise in profits as per the latest financial results. The company reported a 12.1% increase in group revenue to £1.36 billion for the year ending November 30, 2025, with adjusted EBITDA climbing by 59% to £178 million.
Ocado’s CEO, Tim Steiner, emphasized the company’s focus on strategic value creation through concentrated R&D investments and operational simplification, especially as they expand into various international markets. He expressed regret over the impact on roles but acknowledged the support for affected colleagues during this transition.
Established in 2000 by Tim Steiner, Jason Gissing, and Jonathan Faiman, former Goldman Sachs employees, Ocado offers a wide range of products, including M&S food items, among other brands.
