WiseTech Global Cuts 2,000 Jobs For AI

Australian logistics software firm WiseTech Global will lay off about 2,000 employees over the next two years as it adopts artificial intelligence across its products and operations, CEO Zubin Appoo said. The cuts — roughly 29% of staff across 40 countries, affecting product, development and customer-service teams and potentially reducing E2open headcount by up to 50% — coincide with a 2% rise in first-half underlying profit and a 10.7% share jump to $47.60.