TomTom to Cut 300 Jobs Amid AI Shift
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47 Articles
TomTom to cut 300 jobs amid AI shift
Dutch location technology company TomTom said on Monday it would cut 300 jobs as it realigns its organization and embraces artificial intelligence as part of its product-led strategy.Read MoreThe post TomTom to cut 300 jobs amid AI shift first appeared on The Who Dat Daily.
Dutch navigation specialist TomTom cuts 300 jobs 'for AI future'
Dutch navigation software specialist TomTom, which grew out of one of the world’s two pioneering digital mapping companies with a strong connection in Belgium, is forced to cut another 300 jobs of the 3,600 employees worldwide to ‘prepare for the future’. That future will be increasingly based on Artificial Intelligence (AI) and autonomous driving, as TomTom becomes more dependent on professional applications while consumer device sales decline.…
A Dutch car navigation company announced on Monday the abolition of 300 jobs, that is, about 10% of its workforce, to limit financial losses and “adopt artificial intelligence”.Radicated in Amsterdam, the company TomTom was one of the first to adopt digital navigation for vehicles but now faces difficulties due to integrated navigation systems.TomTom announced its intention to “adapt its structures to the development of artificial intelligence”,…
‘Embracing AI’: TomTom cuts 300 jobs
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”. 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 artif…
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