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GPS Maker TomTom Announces Layoffs at Its Lebanon Office

Valley News Business Writer
Published: 4/28/2017 12:08:42 AM
Modified: 4/28/2017 12:08:51 AM

Lebanon — Digital mapmaker TomTom laid off 35 employees, about two-thirds at its Lebanon office, as part of a realignment of its U.S. workforce, a company spokesman confirmed on Thursday.

This week’s layoffs accounted for between 10 percent to 15 percent of TomTom’s Lebanon workforce, the spokesman said. About a dozen of the laid-off employees worked for the company’s Lebanon office from remote locations. Amsterdam-based TomTom has more than 4,700 employees around the world.

TomTom makes navigation and mapping products, GPS sports watches and other location-based products. The spokesman attributed the layoffs to automation, some of it driven by the emergence of driverless cars.

For example, TomTom, which provides the maps that appear on Apple’s iPhone, supplies technology and data to Uber for routing and traffic information purposes.

The Upper Valley has a long history with the digital mapping industry. Predecessor company Geographic Data Technology, founded in 1980, was sold to Tele Atlas, another Dutch firm, in 2004 for $100 million in cash. Four years later, TomTom acquired Tele Atlas for $4 billion.

The company, which once employed about 600 people who worked among three different buildings on the Centerra campus, has gone through multiple rounds of layoffs in the years since. TomTom now operates out of a single 42,000-square-foot office near the Dartmouth-Hitchcock Aging Resource Center off of Route 120.

In the first quarter of this year, TomTom reported last week, revenue slipped 2 percent, for a net loss of $5 million. In releasing its first quarter results, TomTom said it expects to post a full-year profit.

John Lippman can be reached at jlippman@vnews.com.




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