By Roy Van Keulen
Publication Date: 2026-02-25 00:00:00
WiseTechs (ASX:WTC) Organic EBITDA increased 7% in the first half, driven by 7% organic sales growth and flat margins. Including the acquired e2open, EBITDA increased 32%, driven by 76% revenue growth offset by lower margins. Shares rose 11% as WiseTech plans to cut its workforce by 2,000.
Why it matters: The impact of artificial intelligence dominated the discussion, including a planned 2,000 headcount reductions in customer service and product development by fiscal year 2027. That’s more than 25% of its current 7,000 employees.
- We assume that the staff reductions are primarily due to previous plans to reduce staff at e2open. We believe that e2open, with its history of struggles and layoffs, has long lost its best talent and operates with a lower talent density than the WiseTech company.
- The use of AI agents in its product suite is accelerating. WiseTech expects agents to reduce labor costs for clients by 50% in two years. Along with transaction-based pricing since last year…
