Why is WiseTech Global reducing its workforce?

WiseTech Global is implementing an 'AI transformation program' which involves a phased headcount reduction, as the company believes the era of manually writing code as the core act of engineering is over.

How many jobs will be affected by WiseTech Global's AI transformation?

Approximately 2,000 jobs will be affected, representing nearly one-third of the company's workforce.

Which departments will be impacted by the job cuts?

The job reductions will initially impact product and development, as well as customer service departments.

Home / Business and Economy / AI era begins: 2,000 jobs axed in code shift

AI era begins: 2,000 jobs axed in code shift

25 Feb

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Summary

Significant job cuts impacting nearly a third of staff.
CEO cites the end of manual coding as a core engineering task.
AI transformation program triggers substantial workforce reduction.

AI era begins: 2,000 jobs axed in code shift

The technology sector is undergoing a significant shift as WiseTech Global prepares to reduce its workforce by nearly a third, affecting around 2,000 employees. This strategic move is driven by a newly announced 'AI transformation program'.

CEO Zubin Appoo stated that the foundational practice of manually writing code as the core of engineering is now obsolete. The company's initiative will involve a phased reduction in headcount, with initial impacts concentrated in product development and customer service teams.

This decision underscores a broader industry trend towards integrating artificial intelligence into core operational and development processes. The company's transformation signals a future where AI plays a more central role in engineering and customer support functions.

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