WiseTech

WiseTech shares increased by nearly $1bn following Richard White's resignation as executive chair amid a police investigation into allegations of exploiting a worker. White remains as a board director and chief innovation officer, with Raelene Murphy appointed as the new chair.

Australia's household energy bills are set to fall up to 10% in July due to increased renewable energy and battery storage. Australia ranks third globally in utility-scale battery capacity. Chris Bowen defends Australia's COP climate summit role as 'very good value for money,' while WiseTech staff face AI-related redundancies.

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 is cutting 2,000 jobs due to advances in AI, with staff waiting almost three months to hear if they're among those laid off. The company's founder claims an AI agent can learn a human's job in just 15 minutes. Workers are criticizing the wait as stressful and 'ridiculous'.

WiseTech is cutting 2,000 jobs due to advances in AI, with staff waiting almost three months to hear if they will be affected. The company's founder claims an AI agent can learn a human's job in just 15 minutes. Workers are criticizing the wait as stressful and ridiculous.