TomTom Layoffs
June 2022
TomTom announced a layoff affecting 500 employees (10% of its workforce) in June 2022. The company operates in the Other sector.
500
10%
Jun 1, 2022
About
Amsterdam-based geolocation technology company TomTom is laying off 500 employees, representing about 10% of its global workforce, with the cuts concentrated in its maps unit. The restructuring, announced in June 2022, is a result of significant improvements in the company's automated mapmaking platform, which reduces the need for manual labor. This move is part of TomTom's ongoing strategic shift, initiated in 2019, to focus on providing high-definition maps for the autonomous vehicle industry and other digital services. The layoffs reflect broader challenges in the tech sector, including stock market pressures, as the company aims to streamline operations and enhance efficiency through increased automation.
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