Tesco cuts US jobs ahead of exit

Retail giant Tesco has slashed 50 jobs at its US company Fresh & Easy as it gears up to pull out of North America. Most of the cuts are coming at its head office in Los Angeles. Tesco said: “We have cut a small number of positions in the head office as we continue the strategic review of the business. All our stores remain open and it is business as usual for customers and store employees.”