Yes, Asda is currently in the process of reducing its workforce, with over 150 corporate and warehouse jobs at risk as of January 2026, alongside plans to potentially move 1,200 warehouse roles through outsourcing. This follows a period of poor Christmas sales performance and ongoing restructuring aimed at cutting costs.
Asda has put more than 150 jobs at risk of redundancy after trading collapsed over Christmas, plunging its share of Britain's grocery market to a new low. The troubled supermarket is preparing to axe more than 80 managers and dozens of warehouse staff in its latest attempt to cut costs.
Asda is struggling due to massive debt from its 2021 private equity takeover, leading to asset sales, high interest payments, and cost-cutting that hurts store standards, alongside increased competition, a clunky new IT system causing stock issues, and a lack of consistent leadership, resulting in falling sales and market share despite efforts to cut prices. The company faces a cycle of debt pressure, operational disruptions, and declining customer confidence as it tries to compete with discounters and other big grocers.
They have gone to two buyers: DTZ Investors and Blue Owl Capital. The deal is part of plan to cut hefty debts at Asda since a highly leveraged £6.8bn takeover in 2020 by the billionaire Issa brothers and the private equity firm TDR Capital.
ASDA has made a major change to the price of more than 2,300 everyday products in all its stores, delivering a huge boost for shoppers at the tills. The change covers household staples bought week in, week out, with savings of up to 50 per cent on selected lines.
Angry Dad gets son to apologise after video of boy abusing Asda staff goes viral
Is Asda owned by Muslims in the UK?
In October 2020, as part of a consortium with TDR Capital, the brothers became majority stakeholders in the British supermarket chain Asda. From August 2021 to September 2024, Mohsin served as Asda's chief executive. As of April 2025, Mohsin is a minority owner of Asda, whilst Zuber has since sold his shareholding.
£12.60 (£13.82 in London) From October 2025, the entry-level hourly rate for Asda store workers will rise from to £12.60 nationally and £13.82 inside the M25. It does not provide paid breaks.
2025 has been a tumultuous year for Asda! 🔥 With losses reaching nearly £600 million, the pressure is rising as the grocery titan faces fierce competition and internal struggles. As we head into 2026, the stakes couldn't be higher—will this giant reclaim its former glory or face a slow fade into obscurity?
Crucially, no stores are set to close, and all staff will remain in place. Each site will continue to operate as an Asda, with the company leasing back every property on a 25-year deal and the option to extend for another decade.
Asda saw sales decline ahead of the festive trading period, making it the only major supermarket to experience a revenue drop before Christmas. The grocery giant's sales fell 4.3% over the 12 weeks to 30 November, Worldpanel data revealed. Asda's market share also sunk 0.9% to 11.5% over the quarter.
“Asda's stores have suffered from underinvestment since being owned by Private equity and the business has an inconsistent strategy,” Coatsworth continued. “For decades, Asda was the go-to place for shoppers looking for low-priced products.
To facilitate the transition from Walmart ownership it was pivotal for ASDA to set up “Project Future”. The portfolio was tasked with separation of more than 2,500 Walmart ran IT systems and transitioning to completely new self-run systems across the business.
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