Tesco UK CEO, Ashwin Prasad, added: “Any decision that impacts our colleagues is a difficult one to make. While 380 job cuts are planned, there are currently 1,500 vacancies available within the Tesco business. Rocky start to 2026 for UK high streetIt has been a rocky start to 2026 for the UK high street, with several retailers entering administration and others announcing wide spread store closures. Major high street retailers, including River Island, Primark, and Poundland, have been forced to close stores already in 2026. Insolvency practitioners from Kroll were appointed on Monday (January 26) to handle the process, as more than a thousand high street jobs are now at risk.