Ocado Group is preparing to cut up to 1,000 jobs as the British grocery technology firm steps up cost-cutting measures amid ongoing financial pressures.
The Sunday Times reported that the planned reductions could affect nearly 5% of Ocado’s global workforce, though discussions remain at an early stage and a final decision has not yet been confirmed.
The job cuts are expected to begin as soon as this month and are likely to fall largely on Ocado’s UK-based head office. According to people familiar with the matter cited by the outlet, the reductions may include technology positions as well as back-office roles across legal, finance and human resources functions.
Ocado has spent recent years expanding its automated warehouse and grocery fulfilment technology business, supplying solutions to international retail partners while continuing to operate its own online grocery ventures in the UK.
However, like many technology-driven retailers, the company has faced growing pressure to control costs as investment-heavy innovation strategies collide with slower consumer demand and tighter capital markets.
The reported layoffs highlight a broader trend of restructuring across the European tech and retail sectors, where companies are increasingly prioritising efficiency, leaner corporate structures and clearer paths to profitability.
Ocado has not publicly commented on the reported plans so far.
For employees and investors, the scale and execution of the cuts will be closely watched as the company attempts to balance long-term technology ambitions with immediate cost discipline.