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Investing.com -- TomTom (AS:TOM2) on Monday said it will cut 300 jobs as it restructures its organization to align with a product-led strategy and expanded use of artificial intelligence.
The Amsterdam-based location technology company said the job reductions will affect roles in its application layer units as well as in sales and support functions. TomTom said it will offer support to employees impacted by the changes.
The organizational shift comes as TomTom adopts a new framework aimed at making product development and delivery more scalable. The company said it is focusing on modular, customizable products that are easier for customers to integrate.
“With a modernized technology stack, we are becoming a truly product-led company, providing our customers with integration-friendly, easily customizable, modular products,” said chief executive Harold Goddijn in a statement. “This shift enhances the end-user experience and shortens implementation cycles for our customers, accelerating our time-to-value.”
TomTom said the move follows a series of investments in its technology platforms. These include a complete overhaul of its mapmaking system, resulting in the launch of TomTom Orbis Maps, which the company said offers increased granularity and fresher data.
The company also pointed to improvements in its application layer, allowing it to deliver more reusable software components.