Ocado Axing 1,000 Jobs as UK-Focused Cost Cuts Hit £150M Target

British online grocery and technology company Ocado has announced major job cuts in the UK as part of a wide cost cutting plan that has already met a £150 million savings target. The move reflects rising pressures in the retail and technology sectors where companies must adapt quickly to changing market conditions to stay competitive. The decision has captured investor attention and added new dimensions to stock research for those tracking retail technology and broader UK market stocks.