SYDNEY, Feb 25 (Bernama-Xinhua) -- Australian software logistics firm WiseTech Global on Wednesday announced it will cut around 2,000 jobs worldwide as part of a pivot towards artificial intelligence (AI), reported Xinhua.
In a statement to the Australian Securities Exchange, Sydney-based WiseTech Global said that the layoffs over the next two years will affect almost a third of its workforce of 7,000 people across 40 countries.
Zubin Appoo, chief executive officer of WiseTech Global, said that AI has driven the most significant shift in software development in decades.
"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."
WiseTech Global reported a 36 per cent fall in statutory net profit after tax to US$68.1 million for the first half of the 2025-26 financial year due to integration costs associated with its acquisition of cloud computing firm E2open and related increased amortisation and interest expenses.
--BERNAMA-XINHUA
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