Earnings season
The former Virgin Australia boss struck an impatient tone in the wake of her first earnings day with the drinks retailer, as a lower half-year profit sent shares tumbling.
In the wake of mass layoffs announced by WiseTech Global and Block last week, Antonoff told Capital Brief the company will hit the brakes on its recruitment drive.
Australia’s biggest companies delivered one of the strongest reporting seasons in decades — with earnings up and dividends rising. But it was overshadowed by the SaaS-pocalypse AI narrative.
Australia’s flagship carrier is pushing ahead with ambitious plans to grow its workforce. But its corporate teams may be exposed to its CEO’s hunt for efficiencies.
More AI-related job cuts are coming, and the market doesn’t seem to mind it when it sees them.
