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LONDON - Ocado, the British technology and online grocery group, plans to cut about 1,000 jobs as it targets savings of 150 million pounds ($203 million) in technology and support costs, its boss said on Thursday.
"It's about 1,000 people, it's less than 5% of our global workforce," CEO Tim Steiner told Reuters after Ocado published full-year results.
He said about half of the job losses are from Ocado's research and development team. Two thirds of the job losses would be in the UK.
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