AdvertisementAdvertisementBusiness15 Oct 2026 01:13PM (Updated: 15 Oct 2026 01:49PM) Bookmark Bookmark WhatsApp Telegram Facebook Twitter Email LinkedInAdd CNA as a trusted source to help Google better understand and surface our content in search results.Read a summary of this article on FAST.Get bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST Oct 15 : Dutch digital mapping specialist TomTom NV said on Thursday it would cut 200 jobs globally as part of a reorganisation expected to generate annualised savings of about €21 million ($23.6 million).The company, which has been investing lately in its new mapping platform, TomTom Orbis, is gradually shifting its focus towards partnerships to develop new driving solutions, working with Microsoft on generative AI and with Mitsubishi Electric on automated driving, among others."We see significant growth opportunities in automated driving and location intelligence, driven by AI," CEO Mike Schoofs said in a statement.TomTom raised its 2026 operating margin guidance to around 4 per cent from 3 per cent previously, including the impact of a €15 million restructuring charge in the fourth quarter.Show MoreShow Less"It reflects our stronger performance year to date, as well as lower expected salary costs in Q4 resulting from the organizational realignment," the company said.TomTom also narrowed its full-year revenue expectations to between €505 and €530 million from the €495 to €555 million previously expected.It already cut 300 jobs in 2025 as part of an organizational realignment to embrace AI as part of its product-led strategy.($1 = 0.8917 euros)Source: ReutersNewsletterWeek in ReviewSubscribe to our Chief Editor’s Week in ReviewOur chief editor shares analysis and picks of the week's biggest news every Saturday.Sign up for our newslettersGet our pick of top stories and thought-provoking articles in your inboxSubscribe hereGet the CNA appStay updated with notifications for breaking news and our best storiesDownload hereGet WhatsApp alertsJoin our channel for the top reads for the day on your preferred chat appJoin hereAlso worth readingContent is loading...Expand to read the full storyGet bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST