Ocado to Cut 5% of Staff as Warehouse Tech Rollout Falters

Sweet Potato Fries in crates at the inbound receiving section of the Ocado Group Plc distribution centre in Luton, UK, on Wednesday, March 26, 2025. Ocado Group Plc shares surged as JPMorgan Chase & Co. recommended buying the UK grocery-technology stock for the first time in seven years.Photographer: Chris Ratcliffe/Bloomberg

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By Maddie Parker

February 26, 2026 at 7:24 AM UTC

Updated on

February 26, 2026 at 9:51 AM UTC

Ocado Group Plc will cut about 1,000 jobs, or 5% of its global workforce, as the British online grocery delivery company grapples with the pullback by its biggest customer.

The layoffs will be mostly research and development roles in the UK, and Ocado said Thursday it will move into a less capital-intensive R&D phase and also reduce the capital expenditure required by customers to deploy its products.