TomTom, the satellite navigation (Sat Nav) device maker, has announced plans to cut around 10 percent, or 457, of its staff in a bid to cut costs.
A spokesperson has confirmed that jobs in the UK will be affected as the lay-offs will happen across the globe.
The Dutch company is on a drive to reduce its cost base by €50 million (£43 million), and it will take a €14 million charge in the fourth quarter, which is mainly due to the redundancies.
TomTom currently has around 4,000 staff, and most of the redundancies will occur in the Netherlands and Amsterdam, where the company is based.
While the job cuts will affect many business divisions, the spokesperson said that the majority will be in general administrative and marketing roles.
TomTom also plans to reorganise its centralised research and development (R&D) unit into 10 product divisions.
"The overall aim of the restructuring is to increase the return on investment in R&D innovation and working with independent product units we want to speed up the process of bringing innovations to the market," a TomTom spokesperson said.
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