Australia’s WiseTech Global plans 2,000 job cuts amid AI overhaul

Logistics software firm WiseTech Global said on Wednesday ​it would cut about 2,000 jobs over the next two years, in what could mark one of the largest artificial intelligence-related workforce reductions by an Australian company to date.

Shares of the company, which also ‌announced an estimate-beating first-half ⁠profit, ⁠jumped as much as 10.7% in early trading, and were last up about 7% at A$46.01, as ​of 0022 GMT.

WiseTech Global, which makes shipping and logistics management software, said it will integrate AI into its ​customer software as well as internal operations, affecting around 29% of its global workforce of around 7,000 across 40 countries.