WiseTech cuts 1700 jobs as revenue jumps 79 percent
Sydney software company WiseTech Global cut 1700 jobs but reported revenue jumped 79 percent to $A19.5 billion in the past year. Profit fell 11 percent.
Why it mattersWiseTech cut 1700 jobs while revenue surged, raising questions about whether Australian tech firms are choosing AI over workers even as their bottom line shrinks.
AustraliaAn Australian tech company with global reach is cutting Australian and overseas jobs, signalling a shift toward automation that may affect tech employment nationwide.
Corroborated byperthnow.com.au
✓ Claims checked against the source and corrected before publish. checked 3 h ago
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