Ocado weighs up to 1,000 job cuts – report

UK-based Ocado is considering cutting as many as 1,000 roles as part of a renewed drive to curb costs after a challenging year for its automated warehouse division, reported The Times. The potential cuts would amount to approximately 5% of the company’s worldwide headcount. Discussions are said to be at an early stage, and no final decision has been made. A source cited in the report said the company could make an announcement as soon as this month. Most of the affected positions would be based at Oca ...