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Ocado shares dive as 1,000 jobs axed in £150m cost-cutting drive

By Frank Prenesti

Date: Thursday 26 Feb 2026

(Sharecast News) - Shares in UK grocer and technology group Ocado slumped on Thursday said it would be slashing around 1,000 jobs as part of a drive to save £150m in costs after setbacks to its automated warehouse programme rollout.
The company was hit last year when the US grocery chain...

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