WiseTech Global (ASX:WTC) shares surged 10.7% on Wednesday after the logistics software maker reported first-half revenue up 76% to $672 million, driven by its acquisition of e2open, and reaffirmed full-year guidance.

The company's CargoWise revenue rose 12% to $372.4 million, while EBITDA jumped 31% to $252.1 million. Despite this strong performance, WiseTech announced plans to cut up to 2,000 jobs, primarily in product development and customer service, as part of an AI-led efficiency overhaul expected to yield $50 million in annual synergies.

WiseTech's strategic pivot towards AI-driven cost reduction and its successful integration of e2open appear to have reassured investors, pushing the stock to new highs. The move signals a significant shift in the company's operational model, prioritizing automation and AI over traditional headcount growth.