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TomTom to cut 10% of jobs due to improved automation

tomtom.com

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Re: TomTom to cut 10% of jobs due to improved automation

#131
post #88

Earlier quoted context omitted.

If it makes you feel better, Google doesn't have a second gold vein yet, either.

Google bought their other Gold. Youtube, Android, Google Search on iOS, ChromeOS. All of it is a moat to protect the first.

If the gold vein is advertising, then there is no other gold vein for Google.

Re: TomTom to cut 10% of jobs due to improved automation

#133

I used to work for TomTom maybe 10 years ago. I was there when Google started offering turn by turn navigation for free. Other issue was live traffic information. As you might imagine all this caused some concern among employees because that was, I think, the main source of revenue for the company. They were already doing some other stuff like fitness wearables but they didn't seem to be leaning into it. Main idea fo…

There is an alternative to "wasting" money to give a second gold vein. You can just do the cash cow thing and then die. That's a totally reasonable. If TomTom don't think they can use the money better than other investment alternatives (that their investors have), then they shouldn't.

Of course, politics and personal interests. But sometimes it's just better to allocate resources to something where they're better utilized.

Re: TomTom to cut 10% of jobs due to improved automation

#135
post #88

Earlier quoted context omitted.

If it makes you feel better, Google doesn't have a second gold vein yet, either.

What about cloud?

Hasn’t Google said if they don’t “win” Cloud against AWS and/or Azure, they’re going to shut GCP down eventually?

Re: TomTom to cut 10% of jobs due to improved automation

#136
post #38
post #14

Earlier quoted context omitted.

As the owner of several TomTom devices, who tried a smartphone and google maps as an alternative, my experience is that the maps are of higher quality and the navigation recommendations better. Multiple times, when in a Taxi in a foreign country, that used the usual solution of smartphone and Google maps, managed to get on time and find a tricky destination by popping up my trusted TomTom.

Navigation is all about the DATA . If it worked better (or worse) in a certain location, it is solely because they have access to quality data. Quality data costs a lot. Companies like NavTech used to literally drive cars down the road (think Google street view cards) and capturing everything (speed limit, number of lanes, boundaries, etc.) but they were bought by Nokia a long time ago. Not sure what is what these da…

Nokia's map group spun out into Here, which is owned by a group of EU automakers.

Re: TomTom to cut 10% of jobs due to improved automation

#137

I used to work for TomTom maybe 10 years ago. I was there when Google started offering turn by turn navigation for free. Other issue was live traffic information. As you might imagine all this caused some concern among employees because that was, I think, the main source of revenue for the company. They were already doing some other stuff like fitness wearables but they didn't seem to be leaning into it. Main idea fo…

Interesting that going deeper integrated into cars was their game plan. I've never used our in-car GPS (other than playing with it once). If it was any good it has a ton of advantages over using Google, including display on the "speedometer" screen. Sadly, it's pants. It comically announces caution stationary traffic on the M25, generally after we've been stationary for 5 minutes. The navigation directions aren't as…

I have no experience with tom tom but I was a garmin user, and I got the sense that tom toms were pretty much identical. IMO an integrated tom tom into the car, if it performs as well as the external unit, would be amazingly better than your cell phone. The biggest advantage imo is satellite coverage is much better than quality data network coverage. I'm not even talking about in the boonies. Plenty of times in the middle of LA county I am sitting there waiting on a seemingly stalled LTE connection to render a map I supposedly had already cached locally according to google maps.

Re: TomTom to cut 10% of jobs due to improved automation

#138
post #130

Earlier quoted context omitted.

Google bought their other Gold. Youtube, Android, Google Search on iOS, ChromeOS. All of it is a moat to protect the first.

YouTube doesn't make a lot of money. Android might if you include the Play store.

> YouTube doesn't make a lot of money.

Citation needed... Is $7B/quarter not a lot of money?

Re: TomTom to cut 10% of jobs due to improved automation

#139
post #88

I used to work for TomTom maybe 10 years ago. I was there when Google started offering turn by turn navigation for free. Other issue was live traffic information. As you might imagine all this caused some concern among employees because that was, I think, the main source of revenue for the company. They were already doing some other stuff like fitness wearables but they didn't seem to be leaning into it. Main idea fo…

If it makes you feel better, Google doesn't have a second gold vein yet, either.

Don't they have like a dozen ore veins?

Re: TomTom to cut 10% of jobs due to improved automation

#140
post #88

Earlier quoted context omitted.

If it makes you feel better, Google doesn't have a second gold vein yet, either.

Isn't the phrase gold mine?

A vein of gold is an incredibly pure area of ore. Sometimes you can basically pick chucks of gold up off the ground. https://www.livescience.com/bonanza-gold-vein-nanoparticles....
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