Ocado has announced intentions to cut approximately 1,000 jobs as part of a broader effort to save around £150 million. The online grocery retailer stated that these job reductions will impact about 5% of its workforce, with the majority affecting its UK operations, 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 unified division.
The job cuts will not impact Ocado’s retail division, as the company reported a notable increase in profits during its latest financial results. For the year ending November 30, 2025, Ocado reported a 12.1% rise in group revenue to £1.36 billion, with adjusted EBITDA increasing by 59% to £178 million.
CEO Tim Steiner expressed that the company’s focus on research and development will be concentrated on areas that offer the most value to Ocado and its partners. He also mentioned that organizational restructuring aims to simplify the commercial strategy and operating model as the company expands into multiple international markets following the expiration of exclusive agreements. Unfortunately, these changes will result in a significant number of roles becoming redundant.
Ocado, co-founded in 2000 by Tim Steiner, Jason Gissing, and Jonathan Faiman, former employees of Goldman Sachs, offers a variety of products, including M&S food and its own range. The company expressed gratitude to the affected employees for their contributions and pledged to support them through the transition.