🚨 Job Alert: 1,000 Roles at Risk 🚨
In a move stirring up the retail world, Ocado may be trimming its workforce, putting up to 1,000 jobs on the line. This renowned company, famous for its cutting-edge robotic warehouses and online grocery, is considering slimming down by about 5% worldwide. Although in its early stages, Ocado is engaging with staff before any final decisions are made.
A company spokesperson mentioned that they regularly assess operations to ensure success, promising to communicate and support their team if any changes occur.
This comes nearly a year after Ocado announced plans to cut back on R&D in the UK, having splurged over £800 million in recent years. They’re aiming for a hefty reduction in tech costs from £290 million in 2024 to just £60 million by 2027. The focus is shifting towards deploying fresh technologies, which might just reshape their future.
Ocado’s share price hasn’t been spared, feeling the heat after US partner Kroger shut three shared warehouses and hit pause on new projects. Meanwhile, Canadian retailer Sobeys is also shutting down a facility in Calgary. Despite these closures, Ocado remains active, continuing operations at multiple sites and collaborating for logistics support.
As the industry holds its breath, Ocado’s decisions could redefine not just jobs, but the landscape of online shopping itself. Stay tuned for more updates on this developing story! 📦🤖🛒