By Tess Bennett
Publication Date: 2026-05-19 04:36:00
Ed Chung, the chief executive of TechnologyOne, says his colleagues in the software sector are struggling to adapt to the seismic changes ushered in by artificial intelligence and are at risk of causing serious damage to their companies through mass job cuts.
TechnologyOne, which develops software for universities and municipalities to run their core systems, is among the most resilient technology stocks on the ASX as the sector sells off brutally on fears AI could hit its future profits.
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