⚠️ Big Changes Ahead for Ocado! ⚠️
Ocado is set to make some significant changes, announcing plans to cut around 1,000 jobs in an effort to save a whopping £150 million. That’s about 5% of its global workforce! 💼🛒
The company, well-known for its robotic warehouses and as an online supermarket partner, says it’s all part of a major restructure to ensure long-term success. A spokesperson mentioned they’re committed to supporting affected employees throughout the process.
Just last year, Ocado shared its intention to scale back on their research and development efforts within the UK. With over £800 million spent in that area over four years, they’re now looking to trim tech costs from £290 million in 2024 to just £60 million by 2027. All of this is in line with their shift towards new tech advancements. 🤖📉
Recently, the company confronted challenges in the US and Canada, with closures of partner-operated warehouses. Ocado collaborates with big names like Kroger and Sobeys but is now focusing efforts on other ventures.
Despite these hurdles, Ocado continues to offer cutting-edge automation technology to help retailers efficiently pick and dispatch online orders from their massive robotic warehouses. Plus, it carries on as a joint venture with Marks & Spencer for their UK online grocery operations.
Stay tuned for more updates as Ocado navigates these transformative times! 📦🍽️✨
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