Tesco to axe 400 jobs as competition mounts
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Tesco PLC plans to cut 400 jobs across various departments to streamline operations amid rising competition in the grocery sector.
January 29, 2025 | 2:30 pm
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Tesco PLC is cutting 400 jobs to simplify its business and improve efficiency in response to increasing competition in the grocery sector.
The job cuts are part of an efficiency drive, which may help Tesco reduce costs and improve competitiveness. However, the immediate impact on stock price is uncertain as the market may have already priced in such efficiency measures.
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