An Ocado grocery delivery van is driven along a street in London, Britain, March 25, 2023. REUTERS
LONDON, Feb 26 (Reuters) – Ocado the British technology and online grocery group, plans to cut about 1,000 jobs as it targets savings of 150 million pounds ($203 million) in technology and support costs, its boss said on Thursday.
“It’s about 1,000 people, it’s less than 5% of our global workforce,” CEO Tim Steiner told Reuters after Ocado published full-year results.
He said about half of the job losses are from Ocado’s research and development team. Two thirds of the job losses would be in the UK.
Reporting by James Davey; Editing by Kate Holton
