1 week Ago
AI for Efficient Production and Services
With the implementation of AI, TomTom hopes to be better able to optimise production, with its enhanced ability to roll out products rapidly. The losses equate to about 10 per cent of the current headcount. According to chief executive Harold Goddijn, the changes will deliver a better customer experience and will facilitate faster innovation. Of the roughly 3,700 people TomTom employs, almost 2,500 are outside the Netherlands.
Ongoing Financial Struggles
The former maker of in-car navigation devices now supplies digital maps to companies including Apple, Huawei, Volkswagen and Renault. Company has been struggling for the past few years The company has been facing financial difficulties in recent years, posting a loss of more than 14 million euros last year; it has been in the red for two years in a row.
