WiseTech Global plans 2000 job cuts in software and operations
· Source: itnews.com.au
In short
Australian logistics software firm WiseTech Global will lay off about 2000 employees over the next two years as it integrates artificial intelligence into its software and internal operations. The layoffs will impact roughly 29 percent of its global workforce, notably in product development and customer service teams, including a potential 50 percent reduction at its acquired US cloud company, E2open. Despite recent challenges, the company reported a slight profit increase and its shares rose following the announcement.
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Tags: logistics, software, ai, layoffs, cloud, operations