Markets
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.
The sharply worded letter to SGH and Steel Dynamics wasn’t intended to be a rebuff. But whatever happens next, a transaction involving the steelmaker is now more likely.
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.
