Retail technology business to reduce about 5% of global workforce, with two-thirds of job losses affecting UK
Ocado is to cut 1,000 jobs as the retail technology business attempts to slash £150m in costs through a substantial restructuring programme.
The company confirmed that about 5% of its global workforce will be affected. About two-thirds of the jobs are expected to go from the UK, where the company is based in Hatfield, Hertfordshire. About half the jobs going are in technology, with the rest made up of support staff.
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