WiseTech Global, a maker of supply chain management software, plans to eliminate 2,000 jobs, or a third of its global workforce, in a two-year restructuring built around artificial intelligence.
The Australian company announced the layoffs during an earnings call Wednesday. WiseTech produces trade logistics and supply chain management software, with some estimates that the company’s CargoWise software platforms handle as much as 75% of global customs transaction data.
Restructuring Details
The restructuring will affect approximately 29% of its 7,000 employees in 40 countries as WiseTech integrates AI into customer software and internal operations.
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