Australian Stock Exchange
Coverage of Australian Stock Exchange in the Nexus archive.
- WiseTech begins redundancies – but omits ‘AI’ from emails to Chinese employees, workers say
WiseTech, an ASX-listed logistics software company, has begun redundancies affecting nearly 30% of its 7,000-person workforce (approximately 2,000 employees) across 40 countries due to AI advancements. The company notably omitted the word 'AI' from redundancy notification emails sent to Chinese employees, allegedly due to a court case involving another company in China.
- WiseTech begins redundancies – but omits ‘AI’ from emails to Chinese employees, workers say
WiseTech Global, an ASX-listed logistics software company, has begun redundancies affecting nearly 2,000 employees (30% of its 7,000-strong workforce) across 40 countries, citing artificial intelligence advancements. The company notably omitted the word 'AI' from redundancy emails sent to Chinese staff, reportedly following a court case involving another company in China.