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AI to blame as WiseTech cuts 2000 jobs
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WiseTech Global will cut roughly 2000 staff – nearly a third of its 7000-strong workforce – over the next two years as chief executive Zubin Appoo bets the logistics software giant’s future on artificial intelligence.
Some teams face headcount reductions of up to 50 per cent, starting with product development and customer service, including recently acquired US platform e2open.
The restructure comes amid a steep sell-off across traditional software companies, from Atlassian to Adobe, driven by fears that AI-powered coding tools will allow upstarts to rapidly replicate services that took incumbents years to build.
WiseTech cites AI as it axes 2000 developer and customer service jobs
WiseTech Global is axing up to 2000 jobs and says artificial intelligence has reduced the need to have developers and customer service staff in what the software giant has described as the “most significant shift in decades”.
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