“Australia has suffered its first major round of AI #JobCuts as the country’s largest locally #listed #software company axed almost one-third of its #workforce to manage deep fears in financial markets that new #CodingTools will make big technology firms vulnerable to disruption.”

“#WiseTech Global will cut about 2000 staff – nearly one-third of its workforce of 7000 – over the next two years as chief executive #ZubinAppoo bets the logistics software giant’s future on #ArtificialIntelligence.” … “‘We’re not halving the capacity,’ Appoo said. “We’re halving the #HumanCapacity, but we’re significantly increasing the overall capacity through agentic AI.

“The era of manually writing code as the core act of engineering is over,” Appoo declared, calling AI “the most significant shift in decades” for software development.”

#WhiteCollar / #ZeroHourWork / #SofwareEngineers / #Straya <https://www.smh.com.au/technology/ai-to-blame-as-wisetech-cuts-2000-jobs-20260225-p5o5a2.html> / <https://archive.md/9UVCF>