WiseTech says AI tools mean potential staff cuts as shares rally on possible redundancies
· Source: afr.com
In short
WiseTech Global executive chairman Richard White and CEO Zubin Appoo told investors at the Macquarie Australia Conference that AI agents are cheaper and more proficient than many human tech workers, transforming the logistics software giant's operations. The company did not comment on the progress of a large redundancy round, while shares rallied on the potential for staff cuts.
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Tags: AI agents, logistics, software, automation, redundancy, WiseTech