WiseTech to cut 2,000 jobs, nearly 30% of workforce, as CEO declares 'era of manually writing code is over'

Australian logistics software maker WiseTech Global plans to eliminate about 2,000 jobs under an AI-driven restructuring. CEO Zubin Appoo said AI is "unlocking levels of efficiency gains across WiseTech that were previously out of reach." The cuts crystallize fears that AI coding tools will reduce headcount at software companies. WiseTech's move follows weeks of market turmoil around the SaaSpocalypse trade, where investors have aggressively sold software stocks on AI disruption concerns.

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