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Sainsbury’s to cut 3,000 jobs as rising costs hit business

23 January 2025
in Business
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Sainsbury’s to cut 3,000 jobs as rising costs hit business
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J Sainsbury is cutting 3,000 jobs following a rise in employers’ taxes in the UK Budget, with 20% of senior management roles expected to be axed. The move is part of a £1bn cost-cutting plan over three years and aims to streamline decision-making and drive performance, as retailers face increasing costs and taxes. The changes at Sainsbury’s come amidst a challenging cost environment and a £140mn hit to its tax bill, prompting necessary steps to manage its cost base and enable ongoing investment.

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Tags: BusinesscostscuthitJobsRisingSainsburys
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