Ocado has announced intentions to eliminate approximately 1,000 positions as part of a broader strategy to achieve savings of about £150 million. This move will impact approximately 5% of the company’s workforce, primarily affecting its UK operations, including the Ocado headquarters in Hatfield, Hertfordshire. The company will consolidate its research and development by merging Ocado Solutions and Ocado Intelligent Automation into a unified division.
The job cuts will not affect Ocado’s retail division. The decision was disclosed alongside the company’s latest financial results, which showed a significant profit increase. Ocado reported a 12.1% rise in group revenue to £1.36 billion for the fiscal year ending on November 30, 2025, with adjusted EBITDA climbing 59% to £178 million.
CEO Tim Steiner stated, “Our focus for R&D investment will be on areas that offer the most value for Ocado and our partners. We are also restructuring parts of our organization to streamline our commercial strategy and operational model as we expand into various international markets after exclusive agreements have ended. Unfortunately, these changes mean that a substantial number of roles will be redundant.”
Ocado, established in 2000 by Tim Steiner, Jason Gissing, and Jonathan Faiman, former Goldman Sachs employees, offers around 50,000 products, including M&S food products and its own brand range.