Overview
- About 5% of the workforce will go, with roughly two thirds of the cuts in the UK and most at the Hatfield headquarters.
- Ocado will combine Ocado Solutions with Ocado Intelligent Automation and focus R&D on projects with clearer paths to value.
- The programme aims to trim around £150 million from technology and support costs in 2026, with retail-facing staff not affected.
- Annual results showed adjusted earnings up 59% to £178m and group revenue up 12% to about £1.4bn, though reported losses widened.
- Shares fell roughly 10–11% after the announcement, as investors weighed the strategic reset and recent Kroger and Sobeys facility closures.