(Feb 25): Australian software company WiseTech Global will axe about 2,000 jobs, nearly a third of its global workforce, in a two‑year restructuring that could rank among the country's largest artificial intelligence-linked job cuts. WiseTech, which makes shipping and logistics management software, on Wednesday said it plans to integrate AI into its customer software as well as internal operations, affecting around 29% of its global workforce of around 7,000 people across 40 countries. Some projects that once took six or seven months can already be completed in a day, said WiseTech chief executive officer Zubin Appoo. Appoo said WiseTech workers who dealt with customers directly or chased sales would still require plenty of person-to-person contact. Shares of WiseTech, which also announced an estimate-beating first-half profit, closed 11.1% higher at A$47.74 (RM131.65), while Australia's benchmark S&P ASX 200 index rose 1.2%.

Source: The Edge Markets February 25, 2026 13:38 UTC