WiseTech Global to Cut 2,000 Jobs in AI Shift

(MENAFN) Australian logistics software giant WiseTech Global announced Wednesday it will eliminate approximately 2,000 positions globally over the next two years, marking a sweeping strategic shift toward artificial intelligence.

In a filing to the Australian Securities Exchange, the Sydney-based company confirmed the cuts will impact nearly one-third of its 7,000-strong global workforce, spanning operations across 40 countries.

WiseTech Global Chief Executive Officer Zubin Appoo framed the restructuring as an inevitable response to a fundamental transformation in software engineering — one he attributed directly to the rapid rise of AI.

“The era of manually writing code as the core act of engineering is over,” he said.

“AI amplifies the productivity of our expertise in logistics and trade, the rich data sets that WiseTech holds and the network advantage that we have built over 30 years.”

The announcement coincided with the company’s latest financial results, which revealed a 36 percent decline in statutory net profit after tax to 68.1 million U.S. dollars for the first half of the 2025-26 financial year. The drop was attributed to integration costs tied to its acquisition of cloud computing firm E2open, alongside elevated amortization and interest expenses stemming from the deal.

The mass layoffs signal a broader industry reckoning, as technology firms increasingly restructure their human workforces to accommodate AI-powered development pipelines.

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