December 9, 2011 01:02 pm EDT

TomTom looks to shed ten-percent of workforce in restructuring effort

We have some sad news to report out of Holland today. TomTom has announced that it will release nearly ten-percent of its employees as the company works to reorganize and move away from the personal navigation device market. The struggling firm previously stated that it would trim €50 million from its annual operations budget, and many of TomTom's employees will now face the ramifications of this effort. Moving forward, the company will focus primarily on in-dash navigation equipment that's pre-installed by automotive manufacturers, along with fleet management for delivery companies. Hopefully we'll see some better times ahead for the Dutch firm. Frankly, we don't know what we'd do without the likes of Mr. T, Han Solo and Burt and Ernie leading the way.

TomTom looks to shed ten-percent of workforce in restructuring effort originally appeared on Engadget on Fri, 09 Dec 2011 08:02:00 EDT. Please see our terms for use of feeds.

PermalinkElectronista | Financial Times ||Comments

Original Link: http://www.engadget.com/2011/12/09/tomtom-looks-to-shed-ten-percent-of-workforce-in-restructuring-e/

View Full Article

Engadget

Engadget is a web magazine with obsessive daily coverage of everything new in gadgets and consumer electronics. Engadget was launched in March of 2004 in partnership with the Weblogs, Inc. Network (WI

More About this Source Visit Engadget