Ocado has announced intentions to eliminate approximately 1,000 positions as part of a broader strategy to achieve £150 million in savings. The online grocery retailer stated that the job reductions will impact about 5% of its workforce, with the majority affecting its UK operations, including the Ocado headquarters in Hatfield, Hertfordshire. The company plans to streamline research and development by merging Ocado Solutions and Ocado Intelligent Automation into a single unit.
The job cuts will not impact Ocado’s retail division. The announcement was made alongside Ocado’s latest financial results, which revealed a significant increase in profits. The company reported a 12.1% rise in group revenue to £1.36 billion for the year ending November 30, 2025, with adjusted EBITDA climbing 59% to £178 million.
Ocado’s CEO, Tim Steiner, emphasized that the focus of ongoing R&D investments will be on areas that offer the most value for the company and its partners. He added that organizational restructuring aims to simplify the commercial strategy and operating model as the company expands into multiple international markets post exclusivity arrangements.
Steiner acknowledged the impact on employees affected by the changes, expressing gratitude for their contributions and commitment to supporting them through the transition. Founded in 2000 by Tim Steiner, Jason Gissing, and Jonathan Faiman, former Goldman Sachs employees, Ocado offers around 50,000 products, including M&S food and its own brand range.