Curated and analyzed by the JobGoneToAI team. Original reporting by thenightly.com.au.
WiseTech Announces 2000 Job Cuts Due to AI Integration, Signaling Economic Shift
— thenightly.com.au
Key Takeaway
WiseTech plans to cut 2000 jobs from its workforce of 7000, citing the rise of artificial intelligence as the reason for the layoffs. The company's CEO indicated that AI is replacing many roles traditionally held by human programmers and developers, marking a significant shift in the software industry.
From the Original Report
WiseTech’s 2000 AI job cuts set alarm bells ringing for economy WiseTech’s plans to slash 2000 jobs from a workforce of 7000 act as a warning for a potentially massive reshaping of Australia’s economy.
Tom Richardson The Nightly 3 Min Read 4 hours ago Updated 4 hours ago WiseTech’s plans to slash 2000 jobs from a workforce of 7000 act as a warning for a potentially massive reshaping of Australia’s economy.
Credit: WiseTech/Supplied / Supplied Homegrown software giant WiseTech says it will use artificial intelligence to replace 2000 jobs from its workforce of 7000 over the next 18 months amid what’s been termed a “white-collar jobs Armageddon”.
WiseTech’s chief executive Zubin Appoo told investors on Wednesday the business will fire 50 per cent of its client service and software development employees as AI programmers and agents can now do their roles. “I am prepared to say this clearly, the era of manually writing code as the core act of (software) engineering is over,” said Mr Appoo.
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