Ocado's Latest Layoffs: A New Wave in Tech Downsizing?
In a strategic move to streamline operations, Ocado Group Plc has announced plans to lay off up to 1,000 employees, accounting for nearly 5% of its global workforce. Primarily affecting UK-based roles in technology, legal, finance, and HR, this decision is part of broader cost-cutting measures aimed at maintaining financial stability. The layoffs follow previous reductions and come ahead of the company's financial results announcement scheduled for later this month.
5 days ago