Stock Track | WiseTech Global Soars 5.53% Intraday on AI Transformation and Workforce Restructuring Plan

Stock Track

02/26

WiseTech Global Ltd (WTC.AU) saw its stock price surge 5.53% during intraday trading on Thursday, as the market reacted to the company's strategic announcement of a major AI-driven transformation.

The logistics software group revealed plans to cut nearly 30% of its workforce over the next two years as part of a CEO-led shift toward AI-driven operations across the business. This restructuring is framed as a structural transformation of WiseTech Global's cost base and operating model, with the company tying its strategy more closely to software-driven productivity rather than expansion led by headcount.

Investors responded positively to the news, viewing the workforce reduction as a move to improve operational efficiency and profitability. The company also reaffirmed its fiscal 2026 revenue guidance of US$1.39 billion to US$1.44 billion, indicating management confidence in demand for its logistics software and AI-supported tools despite the restructuring.

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