UK's Ocado to cut 1,000 jobs in cost saving drive

Core Viewpoint - Ocado plans to cut approximately 1,000 jobs as part of a strategy to achieve savings of £150 million ($203 million) in technology and support costs [1] Company Actions - The job cuts represent less than 5% of Ocado's global workforce, with about half of the reductions coming from the research and development team [1] - Two-thirds of the job losses will occur in the UK [1]