Ocado May Cut Up to 1,000 Jobs in Cost-Cutting Drive: Times
A robotic arm picks a product in the On-Grid Robotic Pick section of the Ocado Group Plc distribution centre in Luton, UK.
Photographer: Chris Ratcliffe/BloombergOcado Group Plc is planning to slash a significant number of jobs as the grocery technology firm renews efforts to cut costs, the Times newspaper reported.
The redundancies could impact as many as 1,000 jobs, or roughly 5% of the company’s global headcount, the newspaper said, adding that a final decision hasn’t been made.