Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag Ocado cuts 1,000 jobs, mainly in the UK, to save £150M amid retail sector struggles.

flag Ocado plans to cut about 1,000 jobs, or 5% of its global workforce, primarily in the UK, as part of a £150 million cost-reduction effort in 2026. flag Most job losses will affect staff at its Hatfield headquarters, with changes including scaling back R&D, merging divisions, and reducing technology and support costs. flag CEO Tim Steiner expressed regret and pledged support for affected employees. flag The move reflects broader struggles in the UK retail sector, with multiple retailers entering administration, closing stores, and cutting jobs, though some like Aldi, M&S, Superdrug, and Lidl are expanding.

94 Articles