WiseTech says AI lifted productivity as it plans nearly 30% workforce cut

WiseTech says AI lifted productivity as it plans nearly 30% workforce cut

N
News Editor
2026-08-26 04:54:30
WiseTech Global, an Australian logistics software company, said its use of AI tools has materially improved efficiency in product development and customer service, even as it moves ahead with a large workforce reduction. The company plans to cut about 2,000 jobs from its global team of 7,000, or close to 30% of headcount. The layoffs are set to roll out in stages. WiseTech said the first wave, covering about 500 roles, was completed in the first half of fiscal 2026. The rest of the reductions are scheduled for the second half of the fiscal year and fiscal 2027. According to the company’s chief executive, AI tools have changed how work is done inside the business. Smaller teams can now complete in days projects that previously took months. The update was cited by CryptoBriefing and carried in a Techub News brief.

WiseTech Global, an Australian logistics software company, said AI tools have significantly improved efficiency across product development and customer service, even as it prepares to reduce its workforce by about 2,000 positions.

The planned cuts represent close to 30% of the company’s global team of 7,000 employees. WiseTech said the layoffs will be carried out in stages.

The first round, covering about 500 roles, was completed in the first half of fiscal 2026. The remaining reductions are scheduled for the second half of the fiscal year and fiscal 2027.

The company’s chief executive said AI tools now allow smaller teams to finish in days projects that previously took months.

The item was reported by CryptoBriefing and distributed by Techub News.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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