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ASX Stocks Surge on AI Job Cuts: The 2026 Trade
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ASX Stocks Surge on AI Job Cuts: The 2026 Trade
ASX stocks jump as companies cut jobs and lean into AI Three major ASX-listed companies cut thousands of jobs last week. All three saw their share prices rise. WiseTech Global (ASX: WTC) jumped 11% after announcing plans to cut 2,000 roles. Block (ASX: XYZ) soared 28% on the ASX after slashing roughly 4,000 positions. Even…
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