TomTom to cut 300 jobs amid AI shift

Another tech firm has decided to fire some employees in favor of artificial intelligence (AI).

Dutch location technology company TomTom said on Monday it would cut 300 jobs as it realigns its organization and embraces artificial intelligence as part of its product-led strategy.

The group said the staff reductions concern its units working on the application layer, as well as sales and support functions.

According to the publicly available information, Tom Tom approximately has 3,500 employees.