US EditionPublished • loading... • Updated
WiseTech Global to Cut 2,000 Jobs in AI-Led Restructuring
WiseTech Global will cut nearly 30% of its 7,000 workforce, focusing on product, development, and customer service roles due to AI-driven efficiency improvements.
- On Feb 25, 2026, WiseTech Global revealed plans to cut about 2,000 jobs over the next two years, as part of an AI-driven restructuring.
- Chief Executive Zubin Appoo said `Software development has experienced its most significant shift in decades`, citing AI's role in the company's strategic pivot amid investor pressure and market fears.
- Product and development teams and customer service teams will be among the first impacted, with about 29 per cent of staff across 40 countries affected and E2open, U.S. cloud business, facing cuts up to 50 per cent.
- Shares rallied in early trading, rising as much as 11 per cent on Feb 25 after the company said underlying net profit edged 2 per cent higher to $US114.5 million.
- Beyond the firm, analysts and unions note these cuts are among Australia's largest linked to AI and scrutinise claims amid redundancies at Amazon and Commonwealth Bank of Australia, reshaping software development economics.
Insights by Ground AI
Podcasts & Opinions
27 Articles
27 Articles
Australia's WiseTech Global plans 2,000 job cuts amid AI overhaul
Australian software logistics firm WiseTech Global on Wednesday said it would lay off about 2,000 people over the next two years, as it adopts artificial intelligence across its software and internal operations.
·India
Read Full Article
AI blamed for mass Wisetech job cuts & Woolies CEO on reputation rebuild
Hear from Wisetech CEO Zubin Appoo as he explains why 2000 jobs will go at the company as AI hits its workforce; SBS Finance Editor Ricardo Gonçalves speaks with Francesco De Stradis from Ord Minnett to find out the implications for the broader market; plus Woolworths CEO Amanda Bardwell on how the supermarket operator is winning back consumer trust.
·Sydney, Australia
Read Full Article
Coverage Details
Total News Sources27
Leaning Left5Leaning Right8Center6Last UpdatedBias Distribution42% Right
Bias Distribution
- 42% of the sources lean Right
42% Right
L 26%
C 32%
R 42%
Factuality
To view factuality data please Upgrade to Premium
