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The Latest Breaking News from Wisetech

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.

AAP

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?

The Guardian - AU

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

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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.

AAP

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.

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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.

AAP

Billionaire's Wisetech gets insider as new chief

Zubin Appoo has been appointed chief executive of Australia's biggest tech firm, WiseTech, replacing its billionaire co-founder Richard White.

AAP

Super fund offloads $580m stake in embattled tech firm

Australia's biggest superannuation fund has sold its interest in local company WiseTech over governance concerns, following a chaotic board shake up.

AAP

Major super fund sued over tardy death benefit payouts

AustralianSuper is the latest major super fund to face legal action for allegedly failing to pay out benefits to families of dead members in a timely manner.

AAP

Australian shares plummet to six-month low

The Australian share market has fallen to its lowest level since towards the end of 2024 as uncertainty over global trade sends investors ducking for cover.

AAP

Billionaire entrepreneurs can make for bold businesses but often with fewer checks and balances

Richard White, head of WiseTech Global, is the latest of a small number of charismatic business founders to have captured the public and corporate imagination.

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AAP

Billionaire founder retakes control of his $32b company

Richard White has been named executive chairman of WiseTech Global, four months after stepping down as CEO amid an inquiry into his conduct.

AAP

Australian shares edge higher despite Wisetech plunge

The ASX200 has finished 0.1 per cent higher, snapping a five-day losing streak despite its leading tech company plunging to a six-month low.

The Guardian - AU

Four WiseTech board directors quit over ‘differing views’ of Richard White’s role

Tech company’s share price plummets after latest market update and resignations of Lisa Brock, Richard Dammery, Michael Malone and Fiona Pak-Poy

The Guardian - AU

WiseTech’s billionaire founder Richard White cleared of allegations by company review

Company’s shares sink with revised revenue outlook in wake of former CEO’s high-profile resignation last month

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AAP

Review clears billionaire tech founder of misconduct

Wisetech Global says a review has found that all of Richard White's personal workplace relationships were disclosed and there's no evidence of bullying.

The Guardian - AU

WiseTech shares surge after CEO stands down – as it happened

This blog is now closed

The Guardian - AU

Morning Mail: Jacinta Allan’s abortion warning, Tucker Carlson’s rant, Labor narrows gap in Queensland

Victorian premier warns of threat conservative forces pose to reproductive rights; has Steven Miles left his surge too late to hold on to office?

The Guardian - AU

WiseTech Global billionaire CEO Richard White steps down as company rocked by allegations of secret affairs

The Australian founder has seen his reputation and fortune hammered by claims including sex in exchange for investment and houses bought for lovers

AAP

Billionaire CEO steps down amid legal investigation

Billionaire Richard White will step down as CEO of Wistetech Global, but after a brief leave will transition into a full-time consultant on the same pay.

AAP

Aussie shares gain ground but Wisetech, MinRes tank

The ASX200 has closed 0.7 per cent higher, overcoming double-digit losses for both Wisetech Global and Mineral Resources.

AAP

Aussie shares in late comeback to extend winning streak

After being down as much as 0.5 per cent in morning trading, the ASX200 gained steadily in the afternoon to finish slightly in the green and above 8,000.

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