Thousands of jobs at risk in Tesco shake-up

They used to say “every little helps”. But the cuts announced by Tesco today could hardly be bigger. The supermarket giant has announced it will slash thousands of jobs and cut back on fresh food counters in its stores.

The cuts come amid ferocious competition between the supermarkets, with the once-dominant giant seeing its market share continue to decline, even though it is still the biggest in the UK.