Tech industry CEOs are blaming AI for mass layoffs, but the reality is more nuanced as companies signal efficiency. Tech job postings down 36% in July, not solely due to AI. AI’s role in hiring doldrums unclear. Job market weak across sectors. Layoff notices signal AI shift.

Microsoft announces layoffs of 15,000 workers despite soaring profits, CEO sees it as opportunity for AI era. Wall Street welcomes leaner approach from tech giants. AI investment required for data centers, chips. AI balance crucial for tech giants in restructuring.

Google raises capital expenditure budget by $10 billion, Microsoft to follow. AI’s role in job replacement unclear. Microsoft’s job cuts improve profit margin outlook. AI will create jobs, high demand for AI specialists. Meta Platforms recruiting elite AI scientists.

AI specialists faring better than standard software engineers. Machine-learning engineers job postings still above pre-pandemic levels. Tech hiring plunges in AI hubs. Entry-level tech jobs impacted most. Experience requirements shifted recently. Microsoft research on AI-vulnerable jobs.

Phlebotomists, nursing assistants less vulnerable to AI changes. Microsoft research lists knowledge work jobs at risk. AI technology impacting job market. AI’s effects on entry-level tech jobs watched closely. Tech hiring declines sharpest in entry-level positions. AI tools overlap with certain tasks.

Read more at Yahoo Finance: Is AI causing tech worker layoffs? That’s what CEOs suggest, but the reality is complicated