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If you read the typical 2025 mass layoff notice from a tech industry CEO, you might think that artificial intelligence cost workers their jobs. The reality is more complicated, with companies trying to signal to Wall Street that they’re making themselves more efficient as they prepare for broader changes wrought by AI. A new report Wednesday from career website Indeed says tech job postings in July were down 36% from their early 2020 levels, with AI one but not the most obvious factor in stalling a rebound. ChatGPTs debut in late 2022 also corresponded with the end of a pandemic-era hiring binge, making it hard to isolate AI’s role in the hiring doldrums that followed. Were kind of in this period where the tech job market is weak, but other areas of the job market have also cooled at a similar pace, said Brendon Bernard, an economist at the Indeed Hiring Lab. Tech job postings have actually evolved pretty similarly to the rest of the economy, including relative to job postings where there really isnt that much exposure to AI. The template for tech CEO layoff notices in 2025 includes an AI pivot That nuance is not always clear from the last six months of tech layoff emails, which often include a nod to AI in addition to expressions of sympathy. When he announced mass layoffs earlier this year, Workday CEO Carl Eschenbach invited employees to consider the bigger picture: Companies everywhere are reimagining how work gets done, and the increasing demand for AI has the potential to drive a new era of growth for Workday.” Autodesk CEO Andrew Anagnost explained that a need to shift resources to accelerate investments in AI was one of the reasons the company had to cut 1,350, or about 9%, of workers. The Why We’re Doing This section of CrowdStrike CEO George Kurtz’s announcement of 5% job cuts said the cybersecurity company needed to double down on AI investments to accelerate execution and efficiency. AI flattens our hiring curve, and helps us innovate from idea to product faster, Kurtz wrote. It’s not just U.S. companies. In India, tech giant Tata Consultancy Services recently characterized its 12,000 layoffs, or 2% of its workforce, as part of a shift to a Future-Ready organization that would be realigning its workforce and deploying AI at scale for our clients and ourselves. Even the Japanese parent company of Indeed and Glassdoor has cited an AI shift in its notice of 1,300 layoffs at the job search and workplace review sites. AI spending, not replacement, is a more common factor Microsoft, which is scheduled to release its fourth-quarter earnings Wednesday, has announced layoffs of about 15,000 workers this year even as its profits have soared. Microsoft CEO Satya Nadella told employees last week the layoffs were weighing heavily on him but also positioned them as an opportunity to reimagine the company’s mission for an AI era. Promises of a leaner approach have been welcomed on Wall Street, especially from tech giants that are trying to justify huge amounts of capital spending to pay for the data centers, chips and other components required to power AI technology. Its this sort of double-edged sword restructuring that I think a lot of tech giants are encountering in this age of AI, where they have to find the right balance between maintaining an appropriate headcount, but also allowing artificial intelligence to come to the forefront, said Bryan Hayes, a strategist at Zacks Investment Research. Google said last week it would raise its budget for capital expenditures by an additional $10 billion to $85 billion. Microsoft is expected to outline similar guidance soon. The role of AI in job replacement is hard to track One thing is clear to Hayes: Microsoft’s job cuts improve its profit margin outlook for the 2026 fiscal year that started in July. But what these broader tech industry layoffs mean for the employment prospects of tech workers can be harder to gauge. Will AI replace some of these jobs? Absolutely, said Hayes. But its also going to create a lot of jobs. Employees that are able to leverage artificial intelligence and help the companies innovate, and create new products and services, are going to be the ones that are in high demand. He pointed to Meta Platforms, the parent company of Facebook and Instagram, which is on a spree of offering lucrative packages to recruit elite AI scientists from competitors such as OpenAI. The reports published by Indeed on Wednesday show that AI specialists are faring better than standard software engineers, but even those jobs are not where they have been. Machine-learning engineers which is kind of the canonical AI job those job postings are still noticeably above where they were pre-pandemic, though theyve actually come down compared to their 2022 peak, said Bernard, the Indeed economist. Theyve also been impacted by the cyclical ups and downs of the sector. Economists are watching for AI’s effects on entry-level tech jobs Tech hiring has particularly plunged in AI hubs such as the San Francisco Bay Area, as well as Boston and Seattle, according to Indeed. But in looking more closely at which tech workers were least likely to get hired, Indeed found the deepest impact on entry-level jobs in the tech industry, with those with at least five years of experience faring better. The hiring declines were sharpest in entry-level tech industry jobs that involve marketing, administrative assistance and human resources, which all involve tasks that overlap with the strength of the latest generative AI tools that can help create documents and images. The plunge in tech hiring started before the new AI age, but the shifting experience requirements is something that happened a bit more recently, Bernard said. Matt O’Brien, AP technology writer
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E-Commerce
While tariffs were initially enacted to help promote domestic manufacturing, one particular industry is getting the short end of the stick: chocolate. Due to chocolate’s main ingredient, which is rarely grown in the country, US-based chocolate brands depend on cacao exports, and are now subjected to high import tarriffs. Just last month, the popular chocolate company Hershey’s announced a price increase for its products in an effort to offset rising production costs related to cacao. “[For years,] weve worked hard to absorb these costs and continue to make 75% of our product portfolio available to consumers for under $4, a Hershey representative told Fast Company at the time. The price increase followed the companies pursuit for a tariff exemption with Trump’s administration, estimating a tariff expense of upwards of $20 million in its second quarter. After speaking with 11 experts in the chocolate industry, Reuters found that tariffs are hurting American companies’s competitively amid rising costs of cacaoyet others and benefiting. Reaping the benefits Almost everyone loves chocolate, and its popularity continues to rise, with chocolate amounting to $21.4 billion in confectionery sales last year. As chocolate’s birthplace, Mexico does not rely on imported cacao, as its tropical weather can sustain the growth of beans. Due to its local harvest, Mexican brands can produce chocolate without paying for the Trump imposed 10-25% tariffs. Similarly, Canada benefits from a lack of tariffs, as it imports its cacao with zero additional duties, making production up north cheaper than in the U.S. Additionally, the United States-Mexico-Canada free trade pact (USMCA), the trade agreement that replaced NAFTA, chocolate imports from both Canada and Mexico are tariff free, regardless of cacao origin. American companies are required to pay taxes to import cacao, which cannot be nationally produced at scale, while Mexico can produce its own and Canada buys in without extra fees, setting American companies back. Still, as American companies continue to struggle, it seems a new trade deal might revert back tariffs and help those in the chocolate industry. On July 29, U.S. Commerce Secretary Howard Lutnick suggested that natural resources not found in the U.S. could be tariff exempt as soon as upcoming trade deals close. “If you grow something and we don’t grow it, that can come in for zero,” Lutnick told CNBC.
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E-Commerce
The Trump administration is pushing an initiative for millions of Americans to upload personal health data and medical records on new apps and systems run by private tech companies, promising that will make it easier to access health records and monitor wellness. President Donald Trump is expected to deliver remarks on the initiative Wednesday afternoon in the East Room. The event is expected to involve leaders from more than 60 companies, including major tech companies such as Google and Amazon, as well as prominent hospital systems like the Cleveland Clinic. The new system will focus on diabetes and weight management, conversational artificial intelligence that helps patients, and digital tools such as QR codes and apps that register patients for check-ins or track medications. The initiative, spearheaded by an administration that has already freely shared highly personal data about Americans in ways that have tested legal bounds, could put patients’ desires for more convenience at their doctors office on a collision course with their expectations that their medical information be kept private. There are enormous ethical and legal concerns, said Lawrence Gostin, a Georgetown University law professor who specializes in public health. Patients across America should be very worried that their medical records are going to be used in ways that harm them and their families. Officials at the Centers for Medicare and Medicaid Services, who will be in charge of maintaining the system, have said patients will need to opt in for the sharing of their medical records and data, which will be kept secure. Those officials said patients will benefit from a system that lets them quickly call up their own records without the hallmark difficulties, such as requiring the use of fax machines to share documents, that have prevented them from doing so in the past. We have the tools and information available now to empower patients to improve their outcomes and their healthcare experience, Dr. Mehmet Oz, the administrator for CMS, said in a statement Wednesday. Popular weight loss and fitness subscription service Noom, which has signed onto the initiative, will be able to pull medical records after the system’s expected launch early next year. That might include labs or medical tests that the app could use to develop an AI-driven analysis of what might help users lose weight, CEO Geoff Cook told The Associated Press. Apps and health systems will also have access to their competitors’ information, too. Noom would be able to access a person’s data from Apple Health, for example. Right now you have a lot of siloed data, Cook said. Patients who travel across the country for treatment at the Cleveland Clinic often have a hard time obtaining all their medical records from various providers, said the hospital system’s CEO, Tomislav Mihaljevic. He said the new system would eliminate that barrier, which sometimes delays treatment or prevents doctors from making an accurate diagnosis because they do not have a full view of a patient’s medical history. Having seamless access to health app data, such as what patients are eating or how much they are exercising, will also help doctors manage obesity and other chronic diseases, Mihaljevic said. These apps give us insight about whats happening with the patients health outside of the physician’s office, he said. CMS will also recommend a list of apps on Medicare.gov that are designed to help people manage chronic diseases, as well as help them select health care providers and insurance plans. Digital privacy advocates are skeptical that patients will be able to count on their data being stored securely. The federal government, however, has done little to regulate health apps or telehealth programs, said Jeffrey Chester at the Center for Digital Democracy. Health and Human Services Secretary Robert F. Kennedy Jr. and those within his circle have pushed for more technology in health care, advocating for wearable devices that monitor wellness and telehealth. Kennedy also sought to collect more data from Americans medical records, which he has previously said he wants to use to study autism and vaccine safety. Kennedy has filled the agency with staffers who have a history of working at or running health technology startups and businesses. CMS already has troves of information on more than 140 million Americans who enroll in Medicare and Medicaid. Earlier this month, the federal agency agreed to hand over its massive database, including home addresses, to deportation officials. The new initiative would deepen the pool of information on patients for the federal government and tech companies. Medical records typically contain far more sensitive information, such as doctors’ notes about conversations with patients and substance abuse or mental health history. This scheme is an open door for the further use and monetization of sensitive and personal health information, Chester said. Amanda Seitz, Associated Press
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E-Commerce
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