Jefferies

Company

Last mentioned: Feb 25, 2026

Timeline

  1. Target Completion

    Expected completion of the two-year workforce reduction and AI integration plan.

  2. AI Revamp Announcement

    CEO Zubin Appoo announces 2,000 job cuts and a shift away from manual coding.

  3. E2open Acquisition

    WiseTech completes the $2.1 billion acquisition of U.S. cloud firm E2open.

  4. Record High & Scandal

    WiseTech shares hit record highs before a 70% drop following allegations against founder Richard White.

Stories mentioning Jefferies 1

HR Tech Bearish

WiseTech Global to Cut 2,000 Jobs in AI-Driven Software Engineering Pivot

Australian logistics software leader WiseTech Global has announced a reduction of 2,000 roles, representing 29% of its workforce, as it transitions to AI-led software development. The two-year restructuring plan marks a fundamental shift away from manual coding toward automated engineering and operational efficiency.

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