Ocado is to cut around 1,000 jobs as part of a plan to slash costs and restructure its operations.
The company, which provides automated technology for distribution centres and runs its own UK online grocery business through a joint venture with Marks & Spencer, said two thirds of the job losses would be in the UK.
The majority of those affected have roles at its headquarters in Hatfield.
Ocado chief executive Tim Steiner said of the shake-up: “Regrettably, this means a significant number of roles will no longer be required.
“We are grateful to colleagues who are affected by these changes, and whose talent and hard work have made a lasting contribution to Ocado.
“We will support those impacted through this process,” he told investors.
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