TomTom To Cut 500 Jobs Because of Automation Advancements

The Dutch consumer technology firm TomTom announced on Wednesday that it is “resetting” the organization as a result of improvements in its mapmaking technology.

Engineering investments have resulted in an advanced automated mapmaking platform, which leads to a material change in mapmaking activities. […] The improvement in our mapmaking technology will lead to material efficiency gains. Combined with a better map, this will strengthen our competitive position. Regrettably, this will have an intended impact on approximately 500 employees in our Maps unit, equivalent to around 10% of our total global headcount.