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Job cuts, lapsed deals and Coles: What’s really going on at Ocado
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1 Articles
1 Articles
Job cuts, lapsed deals and Coles: What’s really going on at Ocado
Ocado, once hyped by founder Tim Steiner as the “Tesla of grocery”, is at a turning point after years of big promises, heavy investment and persistent losses. The company is now weighing up to 1000 job cuts, according to British newspaper The Times, and betting that loosening old contracts will finally allow it to sell its warehouse technology more widely. From online grocer to tech platform Founded in 2000, Ocado began as a pure-play online sup…
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