# WiseTech Global

Type: Company (WTC.AX)

Source: Supply Chain Intelligence Brief — https://getsupplybrief.com/entity/wisetech-global
Canonical HTML page: https://getsupplybrief.com/entity/wisetech-global

## Timeline

- **2026-07-07**: White resigns as chair, Murphy appointed — Richard White steps down as executive chair, Raelene Murphy becomes independent chair; shares surge an additional 8% by 1pm AEST.
- **2026-07-06**: Shares surge 7% ahead of announcement — On Monday before the official board change, WiseTech shares rise more than 7%, well ahead of the broader IT sector.
- **2026-06-16**: WiseTech shares plunge — Shares fall sharply in June following the reports, though precise date varies; the decline is noted in multiple sources without an exact date. We approximate mid-June as the onset of the sell-off.
- **2026-06-15**: Media reports surface — Reports emerge that AFP is probing allegations Richard White coerced a Brazilian cleaner into a sexual relationship and provided false visa information.
- **2026-02-27T19:12:43Z**:  — First phase of layoffs begins across Australian and international offices.
- **2026-02-27T19:12:43Z**:  — Full deployment of AI-driven coding and automation tools across the CargoWise ecosystem.
- **2026-02-27T19:12:43Z**:  — Target date for the completion of the workforce transition to a leaner, AI-focused model.
- **2026-02-26**: Internal Tensions — Reports emerge of tense scenes at WiseTech offices as employees are notified of immediate and future cuts.
- **2026-02-25**: Restructuring Announcement — CEO Zubin Appoo announces 2,000 job cuts during H1 earnings briefing.
- **2026-02-25**: Restructure Announced — WiseTech Global officially announces plans to cut 30% of its workforce to pivot toward AI.
- **2026-02-25**: Restructuring Announced — WiseTech Global officially announces 30% workforce reduction citing AI advancements.
- **2026**: Phased Rollout — The 2,000 job cuts are expected to be completed over a 24-month period as AI systems are integrated.
- **2025-12-31**: H1 Financial Close — Six-month period ends with 76% revenue growth and 31% cash flow increase.
- **2025-07-01**: AI Agent Integration — WiseTech begins building AI agents into the Cargowise platform.

## Recent coverage (4 stories)

### WiseTech leadership turmoil tested as shares rally 8%
2026-07-11 23:00:08 · Sentiment: Neutral · Impact: 6/10 · Sources: 9

The logistics software giant’s founder chair steps down amid a police probe, but stays on as innovation chief. The share rebound suggests supply chain clients see the governance move as stabilizing, though full independence remains in question.
Full story: https://getsupplybrief.com/story/wisetech-supply-chain-leadership-impact

### WiseTech Global Slashes 2,000 Jobs in Major AI-Driven Restructuring
2026-02-27 19:12:43 · Sentiment: Bearish · Impact: 6/10 · Sources: 2

Logistics software giant WiseTech Global has announced a massive 30% reduction in its workforce, affecting approximately 2,000 employees. The company cited the rapid advancement of generative AI as the catalyst for ending the 'era of manual coding' and traditional software development cycles.
Full story: https://getsupplybrief.com/story/wisetech-global-layoffs-ai-disruption-logistics

### WiseTech Global to Cut 2,000 Jobs in Radical AI-Driven Restructure
2026-02-27 15:46:11 · Sentiment: Bearish · Impact: 7/10 · Sources: 6

Australian logistics software leader WiseTech Global has announced a massive workforce reduction of approximately 30%, affecting 2,000 employees. The company is pivoting toward an AI-first development model, signaling a paradigm shift in how global supply chain software is engineered and maintained.
Full story: https://getsupplybrief.com/story/wisetech-global-ai-layoffs-logistics-software

### WiseTech Global to Cut 2,000 Coding Roles in Massive AI Transformation
2026-02-25 02:42:30 · Sentiment: Bearish · Impact: 7/10 · Sources: 2

WiseTech Global has announced a workforce reduction of approximately 2,000 employees, representing over 25% of its global headcount, as it transitions toward AI-automated software engineering. Despite a 76% surge in first-half revenue to $672 million, the logistics software giant is aggressively restructuring to eliminate manual coding in favor of AI-driven development.
Full story: https://getsupplybrief.com/story/wisetech-global-ai-layoffs-2000-coders

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