Asda has confirmed it is cutting 475 roles at its head offices in Leeds and Leicestershire, with hybrid working also reduced as part of a business restructure.
The retailer said the move, which would affect less than 10% of head office staff, would enable it to “simplify structures” amid a challenging market.
In a note to employees company chairman Lord Rose said office attendance would also become compulsory for at least three days per week from January.
It comes after the company reported a 2.2% decline in total revenues excluding fuel, to £5.3bn, from April to June 2024.
A spokesperson said: “The changes which are being communicated today will result in 475 colleagues being made redundant at our head offices in Leeds and Leicestershire.
“In addition, fixed-term contractors who are working on our IT transformation project will also leave over the course of the next few months as this project finishes.”
Lord Rose said the changes were needed to “ensure that the business was best placed to meet our long-term ambitions.”
“As part of this process, we are redefining roles and accountabilities to remove duplication and simplify structures,” he added.
Asda was bought in 2020 from Walmart by billionaire brothers Zuber and Mohsin Issa in a £6.8bn deal with the backing of equity firm TDR Capital.
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.
This brings the ownership of Asda by TDR Capital to 67.5%.
Mohsin Issa, who stepped back from his executive leadership role in September, still owns 22.5 %, while 10% is retained by Walmart.
