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The Latest Breaking News from Wisetech

WiseTech shares rise after Richard White resigns as executive chair amid police investigation

Rise in share price adds nearly $1bn to tech giant’s market value while White continues on as a board director and chief innovation officer

The Guardian - AU

Australia's WiseTech cofounder Richard White steps down as executive chair

Murphy, ‌who joined ⁠the logistics ⁠software provider's board at the start of the year, was named lead independent director in May before taking on her new role.

The Economic Times

Local shares dip, miners slump as Hormuz tensions flare

Australian miners have continued to weigh on the local exchange after a fresh attack in the Persian Gulf sent jitters through equities markets.

AAP

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WiseTech co-founder walks as chair, but stays on board

An Australian tech giant's co-founder has relinquished his lead board role but will remain a director while denying allegations of sexual and visa exploitation.

AAP

Shares snap losing steak but inflation threats remain

Monetary policy continues to loom large over markets as sticky local price growth weighs on confidence and a hawkish US rates outlook drags on metals prices.

AAP

FED:Aussie shares edge lower as WiseTech leads IT sell-off

Modest gains in financials, consumer discretionaries and industrials have softened the blow of an IT and health care stock sell off in a weak start to the week.

AAP

Aussie shares edge lower as WiseTech leads IT sell-off

Modest gains in financials, consumer discretionaries and industrials have softened the blow of an IT and health care stock sell-off in a weak start to the week.

AAP

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Aussie shares bounce as rate hike fears ease for now

Miners, energy stocks and banks have helped the ASX stage a relief rally after weak GDP results boosted the odds of the Reserve Bank keeping rates on hold.

AAP

WiseTech AI Layoffs Spark Chilling Handwritten Death Threat Against CEO Zubin Appoo's Family

WiseTech faces a security crisis after AI-related layoffs led to threats against its CEO. The backlash highlights growing tensions over automation-driven job cuts.

International Business Times UK

Labor MP challenges Marles over Israeli government support – as it happened

This blog is now closed

The Guardian - AU

Morning Mail: One Nation’s growing pains; Israel deports Gaza flotilla activists; Kosciuszko feral horses surge

Pauline Hanson’s party is being forced to dissolve and reconstitute new local branches

The Guardian - AU

WiseTech begins redundancies – but omits ‘AI’ from emails to Chinese employees, workers say

ASX-listed company announced in February it would lay off almost 30% of its 7,000-strong workforce across 40 countries

The Guardian - AU

‘Your craft is obsolete’: WiseTech staff in limbo as AI touted as better than humans

The software company said in February it would cut 2,000 jobs but, as it touts new technology, workers are still waiting to hear which roles will go

The Guardian - AU

Past disruptions show Australian workers can weather AI

A federal government minister says Australia could see the creation of lots of jobs involving empathy and human connectedness as AI adoption increases.

AAP

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The Guardian - AU

Will AI take Australian jobs, or is it just an excuse for corporate restructure?

More than 1,000 Australian tech jobs have recently been cut, with companies citing AI productivity gains. But that’s not the full story, experts say

The Guardian - AU

‘Devastating blow’: Atlassian lays off 1,600 workers ahead of AI push

Layoffs to affect 10% of workforce amid Australian company’s restructuring plan to push into artificial intelligence and enterprise sales

AAP

WiseTech to axe 2000 staff as AI transition boots up

The era of manually written code is over, the boss of logistics technology group WiseTech Global says, as it becomes the latest company to flag AI job cuts.

The Guardian - AU

Is the share market headed toward a ‘SaaS-pocalypse’ – and what would that mean?

Software companies are facing major disruption from AI and investors are pulling back, wiping off billions in value – but does it spell the end for software-as-a-service?

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AAP

Shares snap three-week win streak despite final sprint

Australian shares have showed no signs of a Santa rally despite gaining in Friday trade but losing for the week as energy stocks plunged.

AAP

Founder of big tech group 'cleared' by external review

WiseTech Global has released more findings from an external review into the alleged misuse of company funds by co-founder Richard White.

AAP

Player tips AI to send half of logistics jobs packing

AI agents will replace basic offshore labour while making highly skilled local operators far more important, a leading logistics software provider reckons.

AAP

WiseTech cops first strike on pay as probe continues

An impassioned speech from an Australian technology mogul wasn't enough to woo shareholders into approving a corporate pay deal after a year of controversy.

International Business Times

WiseTech Global Offices Raided by Police, Regulators Over Chairman Richard White's Share Trading

WiseTech Global headquarters raided by Australian Federal Police and ASIC investigating chairman Richard White's alleged share trading violations. Stock plunges 17% as investigation unfolds.

AAP

Aussie shares fall as miners, major companies drag

A strong banking sector performance wasn't enough to rescue Australia's share market from a negative session, as miners and two segment leaders tumbled.

AAP

Tech giant founder targeted as federal police raid firm

Shares in Australian technology giant WiseTech are in freefall, down 15 per cent in early trading, after revelations of an ASIC-AFP raid.

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