Ocado has announced intentions to cut approximately 1,000 jobs in a move aimed at saving around £150 million. This reduction will impact about 5% of the company’s workforce, with the majority affecting its UK operations, including the Ocado headquarters in Hatfield, Hertfordshire. The restructuring will involve consolidating Ocado Solutions and Ocado Intelligent Automation into a single division, focusing on research and development streamlining.
The job cuts will not affect the Ocado retail division. The decision was disclosed alongside the company’s recent financial results, which revealed a significant profit surge. Ocado reported a 12.1% increase in group revenue to £1.36 billion for the year ending November 30, 2025, with adjusted EBITDA climbing by 59% to £178 million.
Ocado’s CEO, Tim Steiner, stated, “Our ongoing R&D investment will be concentrated on areas with the highest potential for value creation for Ocado and our partners.” He added, “We are reshaping parts of our organization to align with our commercial strategy and streamline our operating model as we expand into various international markets post the exclusivity agreements expiration.”
Steiner expressed regret over the job cuts, acknowledging the contributions of affected employees and emphasizing support for them during this 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 products and its own brand range.