Australian logistics technology firm WiseTech Global will cut approximately 2000 jobs over the next two years, representing nearly 30% of its workforce, as it accelerates a strategic shift towards artificial intelligence, the company announced Monday.
The job reductions will initially focus on product development and customer service roles, including within the recently acquired E2open, according to a statement released alongside the company’s half-year financial results. WiseTech shares rose 10% following the announcement, despite a 36% decline in statutory net profit after tax for the six months ending December 31, 2025.
Revenue for the period grew 76% to US$672 million, largely due to the inclusion of E2open, which contributed to the company’s business for five months. E2open’s annualised run rate savings target of $50 million was achieved ahead of schedule, nearly a year and a half earlier than planned. CargoWise, WiseTech’s core logistics software, saw revenue growth of 12% to $372.4 million, with organic revenue increasing by 9%.
Richard White, founder and executive chairman of WiseTech, has publicly embraced AI after previously expressing skepticism towards companies claiming AI capabilities. The company stated the restructuring is intended to “accelerate productivity, automation and decision-making” within the logistics industry and its own operations. WiseTech has even tasked its AI agents with drafting a 975-word “credo” outlining its vision for the future.
The company anticipates that the costs associated with the job cuts, including redundancy payments and restructuring expenses, will initially offset the expected cost savings. However, WiseTech expects to realize significant efficiencies through the AI-driven transformation.
The move marks what some analysts are calling Australia’s first major AI-related job cuts, signaling a broader trend of technological disruption within the logistics sector. The company did not specify a timeline for the full implementation of the job reduction program beyond the two-year timeframe.
