WiseTech Global, a maker of supply chain management software, plans to eliminate 2,000 jobs, or a third of its global workforce, in a two‑year restructuring built around artificial intelligence.
The Australian company (WTC.AX) announced the layoffs during an earnings call Wednesday.
WiseTech produces trade logistics and supply chain management software, with some estimates that the company’s CargoWise software platforms as much as 75% of global customs transaction data.
The restructuring will affect approximately 29% of its 7,000 employees in 40 countries as WiseTech integrates AI into customer software and internal operations.
Reports said job cuts could total as much as 50% at E2open, WiseTech’s U.S. cloud computing division.
WiseTech shares are 68% below their November 2024 peak amid an investor exodus following allegations of wrongdoing by a former CEO.
Find more articles by Stuart Chirls here.
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The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
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