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In its half-year financial report, a leading software logistics firm has revealed plans to launch the next phase of its efficiency initiative in the second half of the 2026 fiscal year.
“Aligned with WiseTech’s long-term strategy to boost higher-margin recurring revenue and foster a culture of high performance, we’re anticipating a workforce reduction of around 2,000 positions during FY26 and into FY27,” the company announced in a statement to the Australian Securities Exchange (ASX).
The initiative aims to scale down the workforce by up to 50%, starting with the product development and customer service departments.
These workforce adjustments will also impact e2open, a company recently acquired by WiseTech.
The company further noted that advancements in artificial intelligence are significantly transforming their business operations.
“I am prepared to say this clearly: the era of manually writing code as the core act of engineering is over,” chief executive Zubin Appoo said.
“AI amplifies the productivity of our expertise in logistics and trade, the rich datasets that WiseTech holds, and the network advantage that we have built over 30 years.”
Appoo said the company’s ongoing AI rollout was expected to deliver a “leaner” and “more efficient” organisation.
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