Economy Politics Country 2026-02-25T10:18:08+00:00

Wise Tech Global to Cut 2000 Jobs Due to AI

Australian software firm 'Wise Tech Global' announced a massive 30% workforce reduction, a direct result of implementing artificial intelligence into its business operations.


Wise Tech Global to Cut 2000 Jobs Due to AI

The Australian software company 'Wise Tech Global' plans to cut approximately 2000 employees, which is about 30% of its workforce. This will be the largest and deepest restructuring in Australia driven by artificial intelligence. On Wednesday, CEO Zubin Abhu spoke about the unprecedented benefits the software company will gain from AI. This move indicates the growing efficiency of AI, which is radically changing the global software industry.