Asda to cut 475 head office roles and reduce hybrid working
Last week, Asda announced TDR Capital had acquired the shares of Zuber Issa, who subsequently stepped down from his non-executive role on Asda’s board
Asda has confirmed that it is set to cut 475 jobs from its head offices in Leeds and Leicestershire, whilst also ordering staff back to the office as part of a turnaround plan for the group.
The supermarket is set to reduce hybrid working for office staff, mandating that employees must work from an office at least three days a week.
In addition, fixed-term contractors who are working on Asda’s IT transformation project will also leave over the course of the next few months as this project finishes.
It comes after the company reported a 2.2% decline in total revenues excluding fuel, to £5.3bn from April to June 2024.
The retailer said the move, which would affect less than 10% of its head office staff, would enable it to “simplify structures” amid a challenging market.
An Asda spokesperson said: “This approach brings us in line with our competitors and the wider market, allowing us to build high-performing teams with a collaborative culture and respond to what our business needs the most. The change is effective from January 2025 to allow time for all colleagues to make any necessary arrangements.”
Last week, Asda announced TDR Capital had acquired the shares of Zuber Issa, who subsequently stepped down from his non-executive role on Asda’s board.
