# Jefferies

Type: Company

Source: HR & Workforce Intelligence Brief — https://gethrbrief.com/entity/jefferies
Canonical HTML page: https://gethrbrief.com/entity/jefferies

## Timeline

- **2028-02-01**: Target Completion — Expected completion of the two-year workforce reduction and AI integration plan.
- **2026-02-25**: AI Revamp Announcement — CEO Zubin Appoo announces 2,000 job cuts and a shift away from manual coding.
- **2025-08-15**: E2open Acquisition — WiseTech completes the $2.1 billion acquisition of U.S. cloud firm E2open.
- **2024-11-01**: Record High & Scandal — WiseTech shares hit record highs before a 70% drop following allegations against founder Richard White.

## Recent coverage (1 stories)

### WiseTech Global to Cut 2,000 Jobs in AI-Driven Software Engineering Pivot
2026-02-25 04:06:53 · Sentiment: Negative · Impact: 7/10 · Sources: 2

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.
Full story: https://gethrbrief.com/story/wisetech-global-ai-layoffs-software-engineering-revamp

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