Ed Chung, TechnologyOne boss, has a message for software CEOs using AI to slash jobs
Australian Financial Review
ENRICHED
Details
- Date Published
- 19 May 2026
- Priority Score
- 2
- Australian
- Yes
- Created
- 19 May 2026, 06:00 am
Description
Software CEOs risk badly damaging their businesses with mass job cuts linked to AI, says Ed Chung, chief executive of TechnologyOne.
Summary
This article highlights the critique of 'AI-based layoffs' by the CEO of TechnologyOne, arguing that aggressive workforce reductions in the software sector could damage long-term business viability. While primarily an economic and labor-focused piece, it touches on the disruptive socioeconomic impacts of rapid AI integration within the Australian tech industry. The discussion centers on corporate resilience and the risks of mismanaging AI transition rather than technical existential risks or frontier safety frameworks. Ultimately, it underscores the governance challenges Australian firms face as they navigate the workforce implications of advanced automation.
Body
TechnologyEarnings seasonPrint articleTess BennettTechnology reporterMay 19, 2026 – 2.36pmEd Chung, the chief executive of TechnologyOne, says his peers in the software sector are struggling to adapt to the seismic changes being ushered in by artificial intelligence and risk badly damaging their businesses with mass job cuts.TechnologyOne, which develops software for universities and councils to run their core systems, has been among the most resilient technology stocks on the ASX amid a brutal sell-off in the sector over fears AI could hurt their future earnings.Loading...SaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginLicense articleFollow the topics, people and companies that matter to you.Find out moreRead MoreEarnings seasonSoftwareTechnologyOneAITechnology OneSharesFetching latest articles