Asda has confirmed that 475 roles at its Leeds and Leicestershire headquarters will be cut and hybrid working reduced as part of a business restructuring.
The retailer said the move, which would affect less than 10% of its head office staff, would allow it to “simplify structures” in a difficult market.
In a memo to employees on Tuesday, company chairman Lord Rose said office attendance would also become mandatory at least three days a week from January.
It comes after the company reported a 2.2% fall in total revenue excluding fuel, to £5.3 billion from April to June 2024.
A spokesperson for the firm said: “The changes announced today will result in the redundancy of 475 colleagues across our Leeds and Leicestershire head offices.
“In addition, the fixed-term contracts working on our IT transformation project will also leave in the coming months, once this project is completed.”
From January 2025, employees would also be required to be present in an Asda office for at least three days a week.
Lord Rose said the changes were necessary to “ensure the business is best placed to meet our long-term ambitions”.
“As part of this process, we are redefining roles and responsibilities to eliminate duplication and simplify structures,” he said.
Asda was bought in 2020 from Walmart by billionaire brothers Zuber and Mohsin Issa in a £6.8 billion deal with the backing of equity firm TDR Capital.
Last week, Asda announced that TDR Capital had acquired the shares of Zuber Issa, who subsequently resigned from his non-executive role on the Asda board.
This takes TDR Capital's stake in Asda to 67.5%.
Mohsin Issa, who stepped down as executive director in September, owns 22.5%, while 10% is still held by Walmart.
Listen to West Yorkshire highlights on BBC Sounds, catch the latest episode of Look North or tell us a story you think we should cover here.
