WiseTech to Slash 2,000 Jobs as AI Ends 'Era of Manually Writing Code'

• WiseTech Global plans to cut approximately 2,000 jobs over the next two years, impacting 29% of its global workforce.
• The logistics software firm attributes the layoffs to the integration of AI into its software and internal operations, marking a significant shift in software development.
• Shares of WiseTech jumped over 10% after the announcement, despite the job cuts, as the company also reported an estimate-beating first-half profit.
• The cuts will affect teams like product and development, and customer service, potentially shrinking some by half, including its US cloud computing arm E2open.
• This move highlights AI's rapid impact on workplace roles, with automation tools taking over routine and complex tasks, driving widespread adoption.