QuickQuickOcado to axe 1,000 jobs in cost-cutting drive
AI-curated by Q²N · Updated February 26, 2026
Ocado, the technology and online grocery group, has announced plans to cut approximately 1,000 jobs, which represents about 5% of its global workforce. The majority of these job losses, around two-thirds, will occur in the UK. This decision is part of a broader cost-cutting initiative aimed at improving the company's financial performance amid challenging market conditions. The layoffs reflect the ongoing pressures faced by the online grocery sector, which has seen shifts in consumer behavior and increased competition. Ocado's management has indicated that these changes are necessary to streamline operations and ensure long-term sustainability.
- Ocado to cut about 1,000 jobs globally.
- Approximately 5% of its workforce will be affected.
- Two-thirds of job losses will occur in the UK.
- The cuts are part of a cost-cutting initiative.
- The online grocery sector is facing increased competition.
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