Sainsbury's to jettison 500 staff
However the losses will be at the three support centres in London, Coventry and Manchester, where nearly one in eight of its head office staff will be ousted.
The cull - equivalent to 13% of workers at the sites - is part of plans by new Sainsbury’s boss Mike Coupe to save £500million over the next three years. Exactly how much were they paying these people? Lordy.
The decision was not taken lightly, according to Coupe, as opposed to the usual 'closing the road off for a street party' way of making un-light decisions.
While Tesco and Morrisons are all closing some of their stores, a spokeswoman for Sainsbury’s insisted it had no plans to close stores.
This follows the otherwise quite jolly news that Sainsbury's had reclaimed the No.2 slot as Britain's biggest supermarket after beating off Asdas for the first time in 11 years.
Industry experts Kantar Worldpanel said Sainsbury’s had a 16.9% share of the grocery market in the past three months, raking in £4.62billion in sales.
The figure was down 0.7% year-on-year but enough to leapfrog Asda, where sales fell 1.6% to £4.58bn, leaving it with a 16.8% market share.