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7 hours ago
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Source: AFP
Dutch car navigation steadfast TomTom said connected Monday that it was slashing 300 jobs, astir 10 percent of its workforce, arsenic it seeks to stem fiscal losses and "embraces artificial intelligence".
The Amsterdam-based institution was an aboriginal pioneer of integer navigation successful cars, but has been struggling arsenic people nary longer usage a abstracted instrumentality to determination around.
TomTom announced successful a connection that it was "realigning its organisation... arsenic it embraces artificial intelligence", resulting successful "organisational changes".
These changes would impact "certain roles successful the units moving connected our exertion layer, and successful our income and enactment functions, resulting successful a simplification of 300 roles," the steadfast said.
The institution employs astir 3,600 radical worldwide.
TomTom forecasts a driblet successful income from 574 cardinal euros ($674 million) successful 2024 to 505-565 cardinal this year.
Chief enforcement Harold Goddijn told investors successful April that commercialized tensions resulting from US President Donald Trump's tariffs made the short-term outlook for the steadfast "less predictable".
However, helium said that helium remained "confident successful our semipermanent trajectory".
Source: AFP
