spot_img
spot_imgspot_img
September 16, 2026 - 1:29 PM

TomTom to Cut 300 Jobs Amid AI Shift and Financial Challenges

Dutch navigation company TomTom announced on Monday that it will lay off 300 employees approximately 10% of its global workforce as part of a strategic reorganization focused on integrating artificial intelligence.

The affected roles span the application layer, sales, and support functions.

Once a pioneer in digital car navigation, TomTom has faced declining demand as users shift to smartphone-based navigation. The company currently employs around 3,600 people worldwide.

TomTom expects its 2025 revenue to fall to between €505 million and €565 million, down from €574 million in 2024. CEO Harold Goddijn cited trade uncertainties and short-term unpredictability but expressed confidence in the company’s long-term prospects.

0 0 votes
Article Rating
Subscribe
Notify of
0 Comments
Oldest
Newest Most Voted

Share post:

Subscribe

Latest News

More like this
Related

As 2027 Beckons, Where Are The Women In Nigerian Politics?

As Nigeria inches towards the 2027 general election, one...

2027: Court Allows Atiku To Serve Tinubu Through APC In Eligibility Suit

The Federal High Court in Abuja on Wednesday granted...

It Wasn’t Love at First Sight – Joke Silva on Olu Jacobs

An interview with actress Joke Silva has resurfaced, giving...

Fuel Will Hit N5,000 Under Tinubu’s Second Term — Adebayo

The presidential candidate of the Social Democratic Party, Adewole...
Join us on
For more updates, columns, opinions, etc.
WhatsApp
0
Would love your thoughts, please comment.x
()
x