AI: WiseTech cuts 2000 jobs
· Source: smh.com.au
In short
WiseTech Global, Australia's largest locally listed software company, is cutting about 2000 staff - nearly one-third of its workforce - over the next two years as it pivots to artificial intelligence. The company's CEO Zubin Appoo stated that AI tools like Claude Opus 4.6 have fundamentally changed software development, allowing them to increase overall capacity while reducing human resources. The job cuts come alongside mixed financial results, with revenue surging 76% but net profit falling 36% due to integration costs from recent acquisitions.
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Tags: logistics, automation, workforce, software, AI, jobs