Ocado boss Tim Steiner said “a significant number” of jobs will be lost as part of a major restructure.
It is understood 1,000 jobs will be axed – around 5% of its workforce – with the majority centred on operations in the UK, as the group looks to cut costs.
CEO Steiner said: “Our ongoing R&D investment will be concentrated on areas where we see the clearest path to value creation for Ocado and our partners.
“We are also reshaping parts of our organisation to focus our commercial strategy and simplify our operating model as we re-engage in multiple international markets, following the end of exclusivity arrangements.
“These changes will also reflect the lower structural cost base that we have signalled over recent years.
“Regrettably, this means a significant number of roles will no longer be required.
“We are grateful to colleagues who are affected by these changes, and whose talent and hard work have made a lasting contribution to Ocado. We will support those impacted through this process.”
The announcement came as the group reported its full year results. Ocado saw a 12.1% increase in revenues to £1.4bn in the year ending 30 November 2025.
Adjusted EBITDA for the group was up 59.4% to £178m.
