British supermarket group Ocado is planning significant redundancies as part of a renewed cost-cutting drive, according to reports. As many as 1,000 jobs could be at risk as the company seeks to recover from a difficult year. According to the Times, it is understood that the majority of the cuts will be in the company’s UK-based head office, which could see several back office functions cut, including human resources, legal and technology roles. The company is set to report its annual results on February 26, but committed to shareholders last month that it would turn cashflow positive in the next financial year “underpinned by rigorous cost and capital discipline”. Founded in 2000, the Hertfordshire-based group sells automation technology allowing retailers to pick and dispatch online food orders from giant robotic warehouses. It also runs a UK online grocery firm as a joint venture with Marks & Spencer. Last year, it announced plans to axe 500 technology and finance roles as it reduced spending on research and development, having made 1,000 group-wide redundancies in 2023-24. Ocado suffered …