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Layoff Announcement
CEO Zubin Appoo announces 2,000 job cuts, declaring the era of manual coding is over during an earnings briefing.
H1 Fiscal Period Ends
WiseTech concludes its first half with 76% revenue growth but lower net profit due to M&A activity.
AI Agent Integration
WiseTech begins embedding AI agents into its flagship Cargowise platform to automate logistics tasks.
Australian logistics software giant WiseTech Global is slashing 29% of its workforce as it transitions from manual coding to AI-orchestrated development. The move follows a period of significant stock volatility and aims to integrate the recently acquired E2open while boosting operational efficiency.
WiseTech Global is cutting over a quarter of its workforce, specifically targeting 2,000 engineering roles, as it pivots toward AI-driven development. Despite a 76% surge in half-year revenue, the move signals a paradigm shift where manual coding is no longer the core of software engineering.