Last mentioned: Feb 25, 2026
Workforce Restructuring
CEO Zubin Appoo announces 2,000 job cuts during the H1 earnings briefing.
Restructuring Announcement
CEO Zubin Appoo announces 2,000 job cuts during H1 earnings briefing.
Market Volatility
Algorhythm Holdings' SemiCab announcement triggers a shift in the AI narrative toward disruption.
H1 Financial Close
Six-month period ends with 76% revenue growth and 31% cash flow increase.
e2Open Acquisition
The company completes the acquisition of supply chain software firm e2Open.
AI Agent Integration
WiseTech begins building AI agents into the Cargowise platform.
AI Integration
WiseTech begins building AI agents into the Cargowise platform.
WiseTech Global has announced a workforce reduction of approximately 2,000 employees, representing over 25% of its global headcount, as it transitions toward AI-automated software engineering. Despite a 76% surge in first-half revenue to $672 million, the logistics software giant is aggressively restructuring to eliminate manual coding in favor of AI-driven development.
WiseTech Global has announced a workforce reduction of 2,000 positions, targeting engineers as it pivots toward AI-driven software development. The move, representing over a quarter of its global staff, signals a paradigm shift where manual coding is no longer viewed as the core engineering function.