Ocado slashes 1,000 jobs to cut costs by £150m

Ocado
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Ocado Group is to cut around 1,000 roles as part of a sweeping restructuring designed to strip £150m from its technology and support cost base by 2027 (FY27).

The decision came as the online grocery and technology specialist reported its full-year results for the 52 weeks to 30 November 2025 showing strong EBITDA growth.

Group revenue rose 12.1 per cent to £1,361.5m with technology solutions up 13.0 per cent and logistics up 11.5 per cent, while adjusted EBITDA climbed to £178.0m from £111.7m the prior year.

Ocado revealed its planned reduction of around 1,000 roles forms part of a broader realignment of commercial, support and R&D functions.

The group said it has largely completed a significant phase of investment in robotics and automation under its ‘Re:Imagined’ programme and is transitioning to a less capital-intensive development cycle.

The report read: “In aggregate, we expect these actions to reduce our total cash costs across Technology and Support in FY27 by around £150m in FY27, relative to FY25”.

The restructuring also includes the consolidation of Ocado’s commercial brands into a single organisation and a sharper focus on grocery and adjacent CPG supply chain opportunities, as historic exclusivity arrangements roll off across multiple markets.

The move would be bringing the sales and account management teams for both its grocery ecommerce and wider supply chain solutions under the leadership of its new chief revenue officer, Nick de la Vega, who joined in November 2025.

CEO Tim Stenier said the move was part of “a year of tangible process for Ocado”, adding that any “ongoing R&D investment will be concentrated on areas where we see the clearest path to value creation for Ocado and our partners.”

The chief executive added that the rejig would “Regrettably means a significant number of roles will no longer be required”. Looking ahead, Steiner added that Ocado would now be able to “have greater flexibility to pursue new partnerships and growth opportunities.”

“We are well set to re-enter multiple markets with an evolved technology platform, designed to be more flexible, offering a wider range of solutions to help retailers to run more efficiently and deliver
a better service for shoppers, in any market environment, at any stage in their online journey.”

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Ocado slashes 1,000 jobs to cut costs by £150m

Ocado

Ocado Group is to cut around 1,000 roles as part of a sweeping restructuring designed to strip £150m from its technology and support cost base by 2027 (FY27).

The decision came as the online grocery and technology specialist reported its full-year results for the 52 weeks to 30 November 2025 showing strong EBITDA growth.

Group revenue rose 12.1 per cent to £1,361.5m with technology solutions up 13.0 per cent and logistics up 11.5 per cent, while adjusted EBITDA climbed to £178.0m from £111.7m the prior year.

Ocado revealed its planned reduction of around 1,000 roles forms part of a broader realignment of commercial, support and R&D functions.

The group said it has largely completed a significant phase of investment in robotics and automation under its ‘Re:Imagined’ programme and is transitioning to a less capital-intensive development cycle.

The report read: “In aggregate, we expect these actions to reduce our total cash costs across Technology and Support in FY27 by around £150m in FY27, relative to FY25”.

The restructuring also includes the consolidation of Ocado’s commercial brands into a single organisation and a sharper focus on grocery and adjacent CPG supply chain opportunities, as historic exclusivity arrangements roll off across multiple markets.

The move would be bringing the sales and account management teams for both its grocery ecommerce and wider supply chain solutions under the leadership of its new chief revenue officer, Nick de la Vega, who joined in November 2025.

CEO Tim Stenier said the move was part of “a year of tangible process for Ocado”, adding that any “ongoing R&D investment will be concentrated on areas where we see the clearest path to value creation for Ocado and our partners.”

The chief executive added that the rejig would “Regrettably means a significant number of roles will no longer be required”. Looking ahead, Steiner added that Ocado would now be able to “have greater flexibility to pursue new partnerships and growth opportunities.”

“We are well set to re-enter multiple markets with an evolved technology platform, designed to be more flexible, offering a wider range of solutions to help retailers to run more efficiently and deliver
a better service for shoppers, in any market environment, at any stage in their online journey.”

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