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TomTom to Cut 500 Jobs Due to Improved Automation

By Reuters

June 3, 2022

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TomTom will cut 500 jobs due to improvements in automating its mapmaking activities, the Dutch company said, adding that the cuts would amount to around 10% of its global workforce.

"Regrettably, this will have an intended impact on approximately 500 employees in our Maps unit," the company said in a statement.

ING analyst Marc Hesselink estimated that the cuts would hit relatively lower-paid workers.

"Over recent years TomTom has been working towards the holy grail of a fully automated map-making process," Hesselink said in a research note.

From Reuters
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