By https://www.abc.net.au/news/stephanie-chalmers/9333662
Publication Date: 2026-02-25 07:20:00
Mass layoffs triggered by artificial intelligence are increasing at local companies. Logistics software provider WiseTech Global plans to cut about 2,000 jobs over the next 18 months.
WiseTech said some teams would be cut in half, with the layoffs affecting about 29 percent of staff across 40 countries.
Chief Executive Officer Zubin Appoo addressed analysts during an earnings briefing, describing it as a “deliberate AI transformation journey.”
“Software development has undergone its most significant change in decades,” Mr Appoo said in a statement to the ASX.
“I’m ready to say this clearly: the era of manually writing code as a central act of engineering is over.“
He said AI is expected to create a “leaner, more efficient AI-led organization, supporting a structurally lower cost base and improved scalability.”
WiseTech shares rallied on Wednesday on news of major job cuts. (Reuters: Jason Reed)
According to its website, WiseTech currently employs around 7,000 people worldwide.
