Ocado is to cut hundreds of jobs in its technology teams as part of the loss-making online grocery specialist’s efforts to reduce costs using artificial intelligence to help with research and engineering.
The company, which employs about 20,000 people, said AI had helped improve the productivity of its engineering team, enabling it to cut 500 roles across its technology and finance divisions. Ocado had already reduced its headcount by 1,000 in the last financial year.
