WiseTech Global Plans to Cut 2,000 Jobs as It Embraces Artificial Intelligence

WiseTech Global has revealed its plans to cut 2,000 jobs from its 7,000 global workforce as it embraces artificial intelligence (AI).

Owned by Australian billionaire Richard White, WiseTech Global said the job cuts will happen over the next two years.

WiseTech Global Announces Job Cuts

According to Sky News, WiseTech is pushing through with its AI-driven "efficiency program." The job cuts will remove as much as 50 per cent of staff in certain areas.

"As part of WiseTech's long-term strategic focus on higher-margin recurring revenue, and WiseTech's commitment to building a higher-performance culture, this program will likely result in a reduction of approximately 2,000 roles in FY26 and into FY27," the company said in a statement to investors.

WiseTech also added that affected staff will not be transferred elsewhere in the company. This is because there will be no roles for them anymore to begin with.

'Era of Manually Writing Code is Over'

WiseTech CEO Zubin Appoo is firm belief that AI is the best way forward for the company and the industry in general.

"I am prepared to say this clearly: the era of manually writing code as the core act of engineering is over," he emphasized, according to 9News.

He went on to say, "AI amplifies the productivity of our expertise in logistics and trade, the rich datasets that WiseTech holds, and the network advantage that we have built over 30 years."