Finance
UK's Tesco to cut 400 jobs across stores and head office
Published by Global Banking & Finance Review®
Posted on January 29, 2025
1 min readLast updated: January 27, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on January 29, 2025
1 min readLast updated: January 27, 2026
Tesco plans to cut 400 jobs across its UK stores and head office to improve efficiency and invest in the business.
LONDON (Reuters) -Britain's biggest supermarket group Tesco plans to cut about 400 jobs from stores and its head office, seeking efficiency savings so it can invest in the business, it said on Wednesday.
The move follows that of Sainsbury's, the No. 2 player, which said last week it planned to reduce its headcount by over 3,000 roles.
British companies, and particularly large employers, are facing increased costs this year after the new Labour government's first budget in October hiked employer social security payments and the national minimum wage.
"We have started speaking to colleagues about a number of proposed changes in our stores and head office, including changing our bakery model in some stores, and updating our management structure in Tesco Mobile phone shops," Tesco said.
"Taken together, the changes we are proposing mean that around 400 roles will be removed."
Tesco said it would try and find alternative roles for impacted staff, noting it currently has 1,000 vacancies across the business.
(Reporting by James Davey; Editing by Catarina Demony and William James)
Tesco plans to cut about 400 jobs from its stores and head office.
The job cuts are part of Tesco's effort to seek efficiency savings to invest in the business.
Tesco noted that it currently has 1,000 vacancies across the business and will try to find alternative roles for impacted staff.
Sainsbury's, the No. 2 player in the UK supermarket sector, announced plans to reduce its headcount by over 3,000 roles.
Tesco is proposing changes including updating its management structure and altering the bakery model in some stores.
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