Ocado has announced intentions to cut approximately 1,000 jobs in a move to save around £150 million. The online grocery retailer stated that the job reductions would impact about 5% of its workforce, with the majority affecting its UK operations, including the Ocado headquarters in Hatfield, Hertfordshire. Plans include streamlining research and development by merging Ocado Solutions and Ocado Intelligent Automation into a unified division.
The job cuts will not affect the Ocado retail arm. The announcement was made alongside Ocado’s latest financial results, revealing a substantial profit increase. Group revenue saw a 12.1% rise to £1.36 billion for the year ending on November 30, 2025, with adjusted EBITDA climbing by 59% to £178 million.
According to Ocado’s CEO, Tim Steiner, the company will focus its research and development investments on areas with the most potential for value creation. The organization is restructuring to align with its commercial strategy and simplify its operating model as it expands into various international markets post exclusivity arrangements. These changes will result in the elimination of a significant number of roles, and the company aims to support affected employees through the transition.
Established in 2000 by Tim Steiner, Jason Gissing, and Jonathan Faiman, former Goldman Sachs employees, Ocado offers a wide range of products, including approximately 50,000 items from various brands like M&S food and its in-house selection.