Berliner Tageblatt - 'Embracing AI': TomTom cuts 300 jobs

NYSE - LSE

RBGPF	-2.23%	80.22	$
SCS	0.12%	16.14	$
RYCEF	4.09%	15.4	$
CMSC	0.13%	23.29	$
VOD	-0.08%	12.8	$
NGG	-1.01%	76.39	$
BTI	-0.23%	57.04	$
RELX	0.22%	40.65	$
GSK	-0.87%	48.29	$
BP	-3.48%	33.31	$
RIO	0.57%	77.63	$
BCE	-1.31%	22.85	$
CMSD	0%	23.28	$
JRI	0%	13.43	$
BCC	1.81%	77.7	$
AZN	0.83%	90.61	$

'Embracing AI': TomTom cuts 300 jobs / Photo: © AFP

'Embracing AI': TomTom cuts 300 jobs

ECONOMY 30.06.2025

Dutch car navigation firm TomTom said on Monday that it was slashing 300 jobs, roughly 10 percent of its workforce, as it seeks to stem financial losses and "embraces artificial intelligence".

Text size:

The Amsterdam-based company was an early pioneer of digital navigation in cars, but has been struggling as people no longer use a separate device to move around.

TomTom announced in a statement that it was "realigning its organisation... as it embraces artificial intelligence", resulting in "organisational changes".

These changes would affect "certain roles in the units working on our application layer, and in our sales and support functions, resulting in a reduction of 300 roles," the firm said.

The company employs around 3,600 people worldwide.

TomTom forecasts a drop in sales from 574 million euros ($674 million) in 2024 to 505-565 million this year.

Chief executive Harold Goddijn told investors in April that trade tensions resulting from US President Donald Trump's tariffs made the short-term outlook for the firm "less predictable".

However, he said that he remained "confident in our long-term trajectory".

Y.Bouchard--BTB

Berliner Tageblatt - 'Embracing AI': TomTom cuts 300 jobs

'Embracing AI': TomTom cuts 300 jobs

Featured

EU-Mercosur deal delayed as farmers stage Brussels show of force

Trump health chief seeks to bar trans youth from gender-affirming care

Argentine unions in the street over Milei labor reforms

Brazil open to EU-Mercosur deal delay as farmers protest in Brussels