Ocado to Cut 1,000 Jobs in 150 Million Pound Savings Plan
British online grocer Ocado announced plans today to cut 1,000 jobs to save 150 million pounds in technology costs. About half of the losses will affect R&D.
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The British technology and online grocery group Ocado Group plc has announced plans to reduce its workforce by approximately 1,000 roles as part of a major cost-reduction strategy. The company is targeting savings of 150 million pounds (approximately $203 million) in technology and support costs.
