Ocado has announced intentions to eliminate approximately 1,000 positions as part of a broader effort to achieve savings of around £150 million. The online grocery retailer indicated that the job reductions will impact roughly 5% of its workforce, with a majority affecting its UK operations, including the Ocado headquarters in Hatfield, Hertfordshire. The company plans to streamline its research and development by merging Ocado Solutions and Ocado Intelligent Automation into a single division.
These job cuts are specific to the company’s non-retail division, as Ocado recently reported a significant profit increase in its latest financial results. In the fiscal year ending on November 30, 2025, the company saw a 12.1% rise in group revenue to £1.36 billion, with adjusted EBITDA climbing 59% to £178 million.
Ocado’s CEO, Tim Steiner, stated that the company will focus its research and development investments on areas that offer the most value to Ocado and its partners. He also mentioned the restructuring of certain parts of the organization to align with the commercial strategy and simplify the operating model, especially as the company expands into multiple international markets post the expiration of exclusivity arrangements.
Acknowledging the impact on affected employees, Steiner expressed gratitude for their contributions to Ocado and assured support throughout the transition. Founded in 2000 by Tim Steiner, Jason Gissing, and Jonathan Faiman, former Goldman Sachs employees, Ocado carries a wide range of products, including M&S food products in addition to its own brand offerings.