WiseTech to Cut 2,000 Jobs as It Asks AI to Boost Profitability
By Stuart Condie
SYDNEY--WiseTech Global will cut about 2,000 jobs over the next few months as the logistics-software provider leans into AI to boost profitability.
The Australian company on Wednesday said that it aimed to reduce the size of several internal teams by up to 50% as part of what it called an efficiency program. It will start making staff redundant in the June half and continue into its 2027 fiscal year, which starts July 1.
WiseTech, which services more than 22,000 global logistics providers, said it will initially focus on its product and development, and customer service teams.
WiseTech, which reports in U.S. dollars, reported a 2% rise in first-half underlying net profit of $114.5 million.
That compared with $112.1 million a year earlier, and narrowly beat the average analyst forecast for the six months through December of $114.1 million, as calculated by Visible Alpha.
The board declared an interim dividend of 6.8 U.S. cents, compared with 6.7 cents a year earlier.
Write to Stuart Condie at stuart.condie@wsj.com
(END) Dow Jones Newswires
February 24, 2026 17:42 ET (22:42 GMT)
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