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The story behind the story

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Australian freight software maker WiseTech plans to cut ~2,000 jobs, or ~30% of its workforce, this fiscal year and next, amid CEO Zubin Appoo's embrace of AI

WiseTech Global Ltd. Chief Executive Officer Zubin Appoo said artificial intelligence-fueled savings will ultimately cut through …

Bloomberg Angus Whitley

Discussion

  • @onspeculator @onspeculator on x
    From Wisetech investor briefing, AI to deliver 50% headcount reduction in P&D and Customer service. World is heading for the unknown... [image]
  • @au_shareplicity Danielle Ecuyer on x
    WiseTech $WTC axing up to 2000 of its 7000 staff over the next two years as it pushes deeper into AI products and features. The company said it was planning to reduce its headcount of some of its teams by up to 50 per cent, beginning with product & development.