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Report: Sainsbury's to cut 2,000 jobs

U.K. supermarket operator J Sainsbury Plc is slashing 2,000 more jobs as part of its £500 million cost-cutting drive, according to an Oct. 17 report by The Telegraph.

Sainsbury's reportedly launched a staffing overhaul that will lead to around 1,400 payroll and human resources job losses. The report also said a Sainsbury's spokesman confirmed that the company is restructuring human resources functions at its banking arm and Argos, which could lead to 600 more jobs being axed.

In March, Sainsbury's scrapped 400 jobs and another 4,000 employees were told they would face "major changes" to their working hours as part of a reorganization of night-shift work at 140 stores, The Telegraph said. The news outlet also reported in August that the company is looking to cut 1,000 head-office jobs.