Ocado has revealed plans to scale back its research and development workforce in the UK and globally as it remained loss-making last year despite a resurgent performance from its online retail arm.
The group, which runs robotic warehouses for other chains alongside its Ocado Retail business as a joint venture with M&S, said it was trimming investment on R&D to cut costs, having spent more than £800m in this area over the past four years.
