WiseTech Global to slash 2,000 jobs amid AI transformation

WiseTech Global to reduce workforce by a third amid AI changes, despite 36% drop in net profit.

WiseTech Global has announced plans to cut around 2,000 jobs, signalling the end of the era of manually writing code. The job losses, representing nearly a third of its workforce, will primarily affect product development and customer service.

The company’s chief executive says these redundancies are part of a broader push towards artificial intelligence-driven operations. WiseTech aims to streamline workflows and embrace automation, even as its net profit fell 36% due to acquisition costs.

Despite these cuts, WiseTech has reaffirmed its revenue and earnings guidance for the year, and its shares jumped 11 per cent following the announcement.

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