June 5, 20254 min readThe Trump-Musk Fight Could Have Huge Consequences for U.S. Space ProgramsA vitriolic war of words between President Donald Trump and SpaceX CEO Elon Musk could have profound repercussions for the nation’s civil and military space programsBy Lee Billings edited by Dean VisserElon Musk (left) and President Donald Trump (right) seemed to be on good terms during a press briefing in the Oval Office at the White House on May 30, 2025, but the event proved to be the calm before a social media storm. Kevin Dietsch/Getty ImagesFor several hours yesterday, an explosively escalating social media confrontation between arguably the world’s richest man, Elon Musk, and the world’s most powerful, President Donald Trump, shook U.S. spaceflight to its core.The pair had been bosom-buddy allies ever since Musk’s fateful endorsement of Trump last July—an event that helped propel Trump to an electoral victory and his second presidential term. But on May 28 Musk announced his departure from his official role overseeing the U.S. DOGE Service. And on May 31 the White House announced that it was withdrawing Trump’s nomination of Musk’s close associate Jared Isaacman to lead NASA. Musk abruptly went on the attack against the Trump administration, criticizing the budget-busting One Big Beautiful Bill Act, now navigating through Congress, as “a disgusting abomination.”Things got worse from there as the blowup descended deeper into threats and insults. On June 5 Trump suggested on his own social-media platform, Truth Social, that he could terminate U.S. government contracts with Musk’s companies, such as SpaceX and Tesla. Less than an hour later, the conflict suddenly grew more personal, with Musk taking to X, the social media platform he owns, to accuse Trump—without evidence—of being incriminated by as-yet-unreleased government documents related to the illegal activities of convicted sex offender Jeffrey Epstein.On supporting science journalismIf you're enjoying this article, consider supporting our award-winning journalism by subscribing. By purchasing a subscription you are helping to ensure the future of impactful stories about the discoveries and ideas shaping our world today.Musk upped the ante further in follow-up posts in which he endorsed a suggestion for impeaching Trump and, separately, declared in a now deleted post that because of the president’s threat, SpaceX “will begin decommissioning its Dragon spacecraft immediately.” (Some five hours after his decommissioning comment, tempers had apparently cooled enough for Musk to walk back the remark in another X post: “Ok, we won’t decommission Dragon.”)Dragon is a crucial workhorse of U.S. human spaceflight. It’s the main way NASA’s astronauts get to and from the International Space Station (ISS) and also a key component of a contract between NASA and SpaceX to safely deorbit the ISS in 2031. If Dragon were to be no longer be available, NASA would, in the near term, have to rely on either Russian Soyuz vehicles or on Boeing’s glitch-plagued Starliner spacecraft for its crew transport—and the space agency’s plans for deorbiting the ISS would essentially go back to the drawing board. More broadly, NASA uses SpaceX rockets to launch many of its science missions, and the company is contracted to ferry astronauts to and from the surface of the moon as part of the space agency’s Artemis III mission.Trump’s and Musk’s retaliatory tit for tat also raises the disconcerting possibility of disrupting other SpaceX-centric parts of U.S. space plans, many of which are seen as critical for national security. Thanks to its wildly successful reusable Falcon 9 and Falcon Heavy rockets, the company presently provides the vast majority of space launches for the Department of Defense. And SpaceX’s constellation of more than 7,000 Starlink communications satellites has become vitally important to war fighters in the ongoing conflict between Russia and U.S.-allied Ukraine. SpaceX is also contracted to build a massive constellation of spy satellites for the DOD and is considered a leading candidate for launching space-based interceptors envisioned as part of Trump’s “Golden Dome” missile-defense plan.Among the avalanche of reactions to the incendiary spectacle unfolding in real time, one of the most extreme was from Trump’s influential former adviser Steve Bannon, who called on the president to seize and nationalize SpaceX. And in an interview with the New York Times, Bannon, without evidence, accused Musk, a naturalized U.S. citizen, of being an “illegal alien” who “should be deported from the country immediately.”NASA, for its part, attempted to stay above the fray via a carefully worded late-afternoon statement from the space agency’s press secretary Bethany Stevens: “NASA will continue to execute upon the President’s vision for the future of space,” Stevens wrote. “We will continue to work with our industry partners to ensure the President’s objectives in space are met.”The response from the stock market was, in its own way, much less muted. SpaceX is not a publicly traded company. But Musk’s electric car company Tesla is. And it experienced a massive sell-off at the end of June 5’s trading day: Tesla’s share price fell down by 14 percent, losing the company a whopping $152 billion of its market value.Today a rumored détente phone conversation between the two men has apparently been called off, and Trump has reportedly said he now intends to sell the Tesla he purchased in March in what was then a gesture of support for Musk. But there are some signs the rift may yet heal: Musk has yet to be deported; SpaceX has not been shut down; Tesla’s stock price is surging back from its momentary heavy losses; and it seems NASA astronauts won’t be stranded on Earth or on the ISS for the time being.Even so, the entire sordid episode—and the possibility of further messy clashes between Trump and Musk unfolding in public—highlights a fundamental vulnerability at the heart of the nation’s deep reliance on SpaceX for access to space. Outsourcing huge swaths of civil and military space programs to a disruptively innovative private company effectively controlled by a single individual certainly has its rewards—but no shortage of risks, too.

Although the US unemployment rate held steady at 4.2% in May with 139,000 jobs added to the US workforce, nearly 100,000 layoffs were also announced — up 47% from last year, according to new data from the US Bureau of Labor Statistics and others. Tech and federal cuts led the way in layoffs, driven by economic pressure, programmatic firings and AI-driven shifts in workforce needs, according to outplacement firm Challenger, Gray & Christmas. Technology remains a top sector for cuts amid ongoing disruptions, according to the firm’s data. In May, tech companies announced 10,598 layoffs, bringing the 2025 total to 74,716; that’s up 35% from 55,207 at the same time last year. “Tariffs, funding cuts, consumer spending, and overall economic pessimism are putting intense pressure on companies’ workforces. Companies are spending less, slowing hiring, and sending layoff notices,” Andrew Challenger, senior vice president of Challenger, Gray & Christmas, said in a statement. Uneasiness continues to weigh on tech hiring, according to CompTIA, a provider of IT training and certification products. The unemployment rate for tech jobs in May was 3.4%, roughly in line with April’s 3.5%, CompTIA data showed. The tech unemployment rate continues to sit below the national rate. CompTIA Tech sector companies added a modest 1,571 net new employees in May, analysis of the BLS jobs report by CompTIA showed. Job growth in cloud infrastructure and tech services was offset by reductions in the telecommunications sector. Tech employment across the broader economy declined by an estimated 131,000 positions. “With prior month employment gains, tech occupation employment remains in the positive for the year,” CompTIA said. “It is undoubtedly a challenging time for employers and job seekers facing uncertainty on multiple fronts,” said Tim Herbert, CompTIA’s chief research officer. “At the same time, it requires taking a measured approach given the data continues to hold up reasonably well.” One bright spot for tech hires in May was the finance and insurance industry, which collectively saw a 21% increase in new tech job postings; new tech job openings also rose by 16% in the retail sector, according to CompTIA. Even so, tech layoffs have continued as AI adoption soars and economic pressures drive a major shift toward new roles and skills in the workforce. “AI isn’t replacing jobs,” said Kye Mitchell, president of tech workforce staffing firm Experis US. “It’s fundamentally redefining how work gets done. We’re seeing AI augment skillsets and make professionals more capable, faster, and able to focus on higher-value work.” Technology only displaces jobs when about 80% of tasks can be automated — and AI isn’t close to doing that, said Mitchell. Right now, AI is enhancing skills, boosting productivity, and freeing up time for higher-value work. Hiring for AI positions and those requiring AI skills continues to grow rapidly, according to a CompTIA analysis of data from Lightcast and Stanford University study. CompTIA found that employer job postings related to AI are up 117% year-to-date year-over-year. Challenger, Gray & Christmas Skills-based hiring remains core to many employers’ recruiting strategies. About half of all tech job postings did not specify a need for a four-year academic degree, seeking instead a combination of work experience, training and industry-recognized certification, according to CompTIA’s and other data. Even so, employers are hesitant to hire. “Economic uncertainty is absolutely creating a cautious hiring environment, but it’s more complex than tariffs alone,” Mitchell said. “Our data shows employers adopting a ‘wait and watch’ stance as they monitor economic signals, with job openings down 11% year-over-year.” Still, the tech job market is adjusting as AI adoption grows. AI skill mentions in job postings fell 10% in May but are still up 10% for the year, showing steady demand, Mitchell said. The tech industry had been nearly bullet-proof from mass layoffs prior to 2022. After a hiring surge between 2020 and 2022 to meet digitization efforts as more people worked from home, the market shifted and began slashing jobs to readjust to the new reality. Tech companies such Google, Amazon, Meta (Facebook) and others laid off tens of thousands of workers  as an adjustment to over-hiring during the COVID-19 pandemic. In 2023 alone, 1,186 tech companies laid off about 262,682 staff, compared to 164,969 layoffs in 2022. In January 2024, job cuts leaped 136% over December and hit a 10-month high, according to Challenger, Gray & Christmas. While the labor market remained steady, there are signs that hiring across the board is softening. Open job postings fell 7% this year and new postings dropped 16% in the past month — the first full contraction of 2025. Year-to-date, new postings are flat compared to last year, according to Ger Doyle, ManpowerGroup’s regional president for North America. Doyle, however, was optimistic. “This is a chill, not a freeze,” he said. “Workers and employers are holding steady, awaiting clarity.” For example, he said, project management roles are up 483% year-over-year, and as the broader outlook improves, a rebound could follow, he added.  Demand for data roles is surging as companies shift from AI experiments to execution. Database architect postings are up 2,140% year-over-year, with data scientist postings up 280% — clear signs of companies building the backbone for an AI-driven future, Experis’s data showed. “This shift is also reshaping how talent enters the industry. Entry-level opportunities are becoming more limited, making it harder for recent graduates to gain a foothold,” Mitchell said. “For those looking to break in, deep analytical and technical skills are no longer optional.”

This is today’s edition of The Download, our weekday newsletter that provides a daily dose of what’s going on in the world of technology. What’s next for AI and math The modern world is built on mathematics. Math lets us model complex systems such as the way air flows around an aircraft, the way financial markets fluctuate, and the way blood flows through the heart. Mathematicians have used computers for decades, but the new vision is that AI might help them crack problems that were previously uncrackable.   However, there’s a huge difference between AI that can solve the kinds of problems set in high school—math that the latest generation of models has already mastered—and AI that could (in theory) solve the kinds of problems that professional mathematicians spend careers chipping away at. Here are three ways to understand that gulf.  —Will Douglas HeavenThis story is from our What’s Next series, which looks across industries, trends, and technologies to give you a first look at the future. You can read the rest of them here. Inside the effort to tally AI’s energy appetite —James O’Donnell After working on it for months, my colleague Casey Crownhart and I finally saw our story on AI’s energy and emissions burden go live last week.  The initial goal sounded simple: Calculate how much energy is used when we interact with a chatbot, then tally that up to understand why leaders in tech and politics are so keen to harness unprecedented levels of electricity to power AI and reshape our energy grids in the process.It was, of course, not so simple. After speaking with dozens of researchers, we realized that the common understanding of AI’s energy appetite is full of holes. I encourage you to read the full story, which has some incredible graphics to help you understand this topic. But here are three takeaways I have after the project. This story originally appeared in The Algorithm, our weekly newsletter on AI. To get it in your inbox first, sign up here, and check out the rest of our Power Hungry package about AI here. The must-reads I’ve combed the internet to find you today’s most fun/important/scary/fascinating stories about technology. 1 Elon Musk has turned on Trump He called Trump’s domestic policy agenda a “disgusting abomination.” (NYT $)+ House Speaker Mike Johnson has, naturally, hit back. (Insider $) 2 NASA is in crisisIts budget has been cut by a quarter, and now its new leader has had his nomination revoked. (New Scientist $)+ What’s next for NASA’s giant moon rocket? (MIT Technology Review)3 Here’s how Big Tech plans to wield AITo build ‘everything apps’ that keep you inside their ecosystem, forever. (The Atlantic $)+ The trouble is, the experience isn’t always slick enough, as Google has discovered with its ‘Ask Photos’ feature. (The Verge $)+ How to fight your instinct to blindly trust AI. (WP $)4 Meta has signed a 20-year deal to buy nuclear power It’s the latest in a race to try to keep up with AI’s surging energy demands. (ABC)+ Can nuclear power really fuel the rise of AI? (MIT Technology Review) 5 Extreme heat takes a huge toll on people’s mental healthIt’s yet another issue we’re failing to prepare for, as summers get hotter and hotter. (Scientific American $)+ The quest to protect farmworkers from extreme heat. (MIT Technology Review) 6 China’s robotaxi companies are planning to expand in the Middle East And they’re getting a warmer welcome than in the US or Europe. (WSJ $)+ China’s EV giants are also betting big on humanoid robots. (MIT Technology Review)7 AI will supercharge hackersThe full impact of new AI techniques is yet to be felt, but experts say it’s only a matter of time. (Wired $)+ Five ways criminals are using AI. (MIT Technology Review)8 It’s an exciting time to be working on Alzheimer’s treatments 12 of them are moving to the final phase of clinical trials this year. (The Economist $)+ The innovation that gets an Alzheimer’s drug through the blood-brain barrier. (MIT Technology Review)9 Workers are being subjected to more and more surveillanceNot just in the gig economy either—’bossware’ is increasingly appearing in offices too. (Rest of World) 10 Noughties nostalgia is rife on TikTokIt was a pretty fun decade, to be fair. (The Guardian) Quote of the day  “This is scientific heaven. Or it used to be.” —Tom Rapoport, a 77-year-old Harvard Medical School professor from Germany, expresses his sadness about Trump’s cuts to US science funding to the New York Times.  One more thing OLCF What’s next for the world’s fastest supercomputers When the Frontier supercomputer came online in 2022, it marked the dawn of so-called exascale computing, with machines that can execute an exaflop—or a quintillion (1018) floating point operations a second.Since then, scientists have geared up to make more of these blazingly fast computers: several exascale machines are due to come online in the US and Europe.But speed itself isn’t the endgame. Researchers hope to pursue previously unanswerable questions about nature—and to design new technologies in areas from transportation to medicine. Read the full story. —Sophia Chen We can still have nice things A place for comfort, fun and distraction to brighten up your day. (Got any ideas? Drop me a line or skeet ’em at me.) + If tracking tube trains in London is your thing, you’ll love this live map.+ Take a truly bonkers trip down memory lane, courtesy of these FBI artifacts.+ Netflix’s Frankenstein looks pretty intense.+ Why landlines are so darn spooky

Attendees at a screening for ReelShort's "Wings Of Fire." Tiffany Rose/Getty Images for ReelShort 2025-06-03T08:42:01Z Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Mini-drama apps have grabbed Hollywood's attention as they've gained popularity in the US. The apps offer bite-sized, mobile-friendly episodes that people are paying to watch. They could be a low-cost alternative to traditional shows for Hollywood giants. Mini-drama apps made popular in Asia are surging in the US — and Hollywood is taking notice.These apps are best known for their soapy melodramas featuring princes, werewolves, and more, which are presented in bite-sized vertical episodes and meant for mobile phones. China-backed ReelShort is the most prominent purveyor of these, with typical titles like "The Double Life of My Billionaire Husband." Another top player is DramaBox.Hollywood has been trying to figure out how it can capitalize on the mini-drama craze, and studios like Lionsgate have been evaluating opportunities in the space."I get an overwhelming number of questions about this topic every week," said David Freeman, head of digital media at CAA. "Talent is actively exploring the space, creators are drawn to it due to the low cost of content production, and major companies are evaluating their strategic approach."Freeman said some key questions were which categories work well and whether the format could be expanded to the unscripted realm."In time, I anticipate that Netflix will find a way to successfully integrate vertical video and potentially make it part of their strategy to engage Gen Z audiences," he continued.As TV and streaming giants spend more money on sports at the expense of traditional TV and film, producers, studios, and other players are casting around for other entertainment markets and ways to serve audiences on the cheap.Social-media stars have already been getting a second look from Hollywood. And now, so are mini-dramas. Industry players said they'd taken note of the marketing on TikTok that the mini-drama apps are throwing behind their stars.App tracker Appfigures counts 215 short drama apps in the US and estimated US spending on them more than doubled in the past 12 months, to more than $100 million a month in gross revenue. Still from "Breaking the Ice" on ReelShort. ReelShort Hollywood is curious about mini-dramasAgents and others told Business Insider that while Hollywood is buzzing about mini-dramas, companies are generally still in the initial stages of exploring the format. One traditional player that's making concrete moves in the space is TelevisaUnivision. It's planning to debut 40 telenovela-style minidramas on ViX, its streaming platform, and intends to expand to other genres like docs and comedy.Others are at least mini-drama curious. Lionsgate, for one, has been in the early stages of exploring the format, a person familiar with the studio's plans said. Hallmark is another studio that's discussed the format internally, a person familiar with the company's thinking said.Select Management Group, an influencer talent management firm, is looking for mini-drama actors to sign, primarily those prominent on ReelShort.Select's Scott Fisher said verticals have "become another place you find talent," much like YouTube birthed digital stars like MrBeast and Emma Chamberlain.People have questionsDespite Hollywood's interest, it's unclear how these vertical dramas could fit into the traditional film and TV system, which emphasizes high production values and guild-protected talent.And people in Hollywood told BI they had plenty of questions.Here are a few:These mini-dramas often fall below the budget threshold that would trigger certain rules from the Hollywood guilds. But how can legacy companies take advantage of these productions' low costs without alienating the guilds and their members?Soapy melodramas are the most popular form of vertical series, but are they extendable to other genres such as reality TV, docs, and true crime? A+E Global Networks is taking the unscripted route, launching a slate of original series for mobile around its History brand in an effort to reach young viewers.Can they make real money? The appeal is that they're cheap to make, but how big of a business can they be? And what's the right mix of revenue between ads and viewer payments? ReelShort parent Crazy Maple Studio's founder Joey Jia said last year that viewers typically paid $5 to $10 a week.How should they distribute them? TelevisaUnivision has its own platforms to post such shows. But production companies that don't have their own distribution arms could use the likes of TikTok or YouTube and share the revenue with the platform.Are these dramas too far out of Hollywood's comfort zone for it to get right? Hollywood insiders remember how Quibi, Jeffrey Katzenberg's idea to make quick-bite shows, went down in ignominy. The big difference is that Quibi's episodes were more highly produced than today's vertical dramas and didn't employ a "freemium," pay-as-you-go model.'It's just a matter of time' Paramount's "Mean Girls" experiment on TikTok bore some resemblance to mini-dramas. Paramount Pictures Some media insiders think it's inevitable that big streamers and studios will at least test the format's potential.They've already shown some willingness to play with different formats and distribution platforms. For example, Paramount put "Mean Girls" on TikTok in 23 segments lasting one to 10 minutes. And YouTube and Amazon's Prime Video could make sense as distributors because they're already set up as platforms that allow people to rent or buy individual movies or shows."There's just a question of how far are they going to stray from doing what they normally do," Fisher said of the Hollywood players.Industry analyst Evan Shapiro sees mini, vertical-shot dramas as "toilet television," something made for watching on mobile phones and fitting the scrolling mentality. He added that he believes the format is a natural way for companies to incubate shows for TV."It's just a matter of time before you see a drama from one of these players and a fast follow into other formats," Shapiro said. "The big question is, how do we monetize that. But if it takes off, it converts to a premium, wide-screen format for TV."Geoff Weiss contributed reporting.

Today, like most days, I made a trip to the post office to ship out my Poshmark sales. But what I'm shipping out looks a little different than it might have a few months ago. Of the seven packages I'm handing off, only one contains an item I'd consider "nice." Alongside that Fendi top are six pieces from fast-fashion brands—ultra cheap stuff I ordered from Chinese retailers like Shein and Temu that, until recently, I never expected to actually sell, given that someone could buy the same item new at, well, Shein and Temu prices. But since the United States' new tariff structure went into effect (primarily the elimination of the de minimus exemption), consumers have been forced to adjust to a reality in which they can't easily source everything from toothbrush holders to micro-trendy outfits from an low price Chinese retail giant, to say nothing of concerns over how much more they could be paying for pricier items like autos and appliances made with foreign parts or manufactured overseas. In this period of uncertainty, resale apps may be filling the void. My own Poshmark sales are up compared to the month before the tariffs went into effect, with a notable rise in sales of basic, cheap stuff. Curious, I talked to a few experts to see if my experiences were indicative of a broader trend—one that could mean good things (well, relatively speaking) for resale buyers and sellers alike.The vibe on the resale apps in the wake of tariffsThe rollout of the tariffs has been confusing and disjointed. It was (and still is) hard to predict when consumers will see price increases on foreign-made electronics, cars, and other goods, or on products assembled in the U.S. but made with imported parts. But from the start, it has been obvious that goods from China in particular were about to cost a whole lot more—including the volumes of stuff shipped directly to consumers from the likes of Temu and Shein, the latter of which is famous for uploading 10,000 new styles to its site every day (and for charging unbelievably low prices for all of them). Months ago, when the tariffs were first announced, people started wondering if they should start stocking up (and on what), whether they were importing cheap clothes from Shein or bracing for higher prices on more substantial goods like smartphones. I've bought more than my share of junk from Shein, though I know it is not exactly a sustainable or environmentally friendly choice. To make myself feel better about that, I've always listed the clothes on resale apps once I'm done with them. To be clear, these are cheaply made garments—you don't buy your capsule wardrobe on Shein; Shein is where you shop for micro-trends (styles that are currently all over your Instagram and Pinterest feed, but which won't be in two months) or basics like tank tops that you can use and abuse. Prior to the tariffs rolling out, it was inconceivable that anyone would pay me $9 (plus shipping) for a pre-worn, cheaply-made dress or workout set that I had only paid $15 for in the first place—but that's what started happening. In the past month, I've still sold clothing and accessories made by Adidas, Gucci, Skims, Ralph Lauren, Marc Jacobs, Reebok, and Givenchy, but those tend to be one-off sales. My Shein resales for the last four weeks absolutely dwarf them. I also sold a few electronics items—an Apple Watch and facial micro-current device—I had listed in my Poshmark shop months earlier. Could I chalk up all of these sales to tariffs, and to anxiety about impending price increases on electronics? My Shein sales this month vs. everything else Credit: Lindsey Ellefson Certainly I'm not alone in noticing it this trend. A Poshmark spokesperson tells me, "We’ve seen an increase in sales of internationally-made items, especially from brands that have announced price hikes due to high tariffs. Despite rising prices, demand for fast fashion remains strong as consumers seek trendy, affordable styles. Buying those pieces secondhand lets them stay on-trend while keeping clothing in circulation."In addition to Shein and Temu, higher-priced brands that publicly announced tariff-related price increases have also seen resale spikes, with sales of Columbia button-down shirts surging by 61% month over month, and sales of Hermès sandals up 27%. Buying used Hermès sandals is one thing—not all of us have $840 laying around to spend on designer slides to ring in the summer. But a Columbia button-down? That's the kind of item I'm used to finding at Marshall's for maybe $30—but people now seem to be flocking to buy them used, worried that even cheap shirts will become relatively priceier due to tariffs. Meanwhile, Poshmark reports sales on consumer electronics have increased as well: The week of April 27, resales of Sony products were up 22% month over month, and Apple products were up 21%. The times seem to be changing, and they're doing it in a hurry.What tariffs means for resale shoppersI am not only a resale seller, but a resale shopper, and the uncertainty around tariffs has made me a lot more discerning with what I'm buying new. Part of this is just that I'm now paying more attention. I love the leisure and athletic wear made by SET Active. I own a lot of it, and I have never before considered selling any of it because it lasts so long and maintains its shape so well. Until recently, I have also never paid much attention to where it is made: While SET Active designs its products in California, its active fabrics are all made in China. Prices haven't gone up on the official website yet, but in preparation for a time when they might, I've already started shopping the brand on Poshmark and Depop. It's not the worst thing in the world; buying used is both cheaper and more sustainable. I've always been an avid purchaser of resale goods—I've just never had to do it so strategically before. (I've found it easier to give up Shein altogether—I can manage fine without the $4 tank tops I've been putting through absolute hell the past few summers—but my Poshmark customers have proven more reluctant to resist the allure of fast fashion, even used.)I'm not alone in being more strategic with my resale purchases. Financial experts are noticing the same thing. "In the wake of the announcement and implementation of the tariffs, people have been looking for cheaper alternatives to the more expensive imported goods," says Aaron Razon, a personal finance expert at Couponsnake, "especially as many domestic products not only fall short in meeting the demand for certain products, but lack the variety and style that imported goods offer. [Domestic products] are also not exactly the cost-effective option consumers are looking for, and this is one of the major reasons interest in resale platforms [has] been on the increase."Bill London, an international business attorney, points out that in addition to causing prices to rise, tariffs have resulted in potential shipping delays, a fact that has also contributed to, "a surge in second-hand fast fashion interest." Six months ago, if you needed a certain kind of dress for, say, a themed bachelorette party, you could order it from Shein for $20, safe in the knowledge that you'd probably never wear it again. Today, its price could be closer to $30 or $40, and you might face delays in receiving it. The appeal of fast fashion was always in the low cost and convenience, provided you had 10 to 14 days to wait for the thing to arrive from China. Now, it just makes more sense to buy that dress from someone in the U.S. who likewise didn't see themselves rewearing it, —and now, they're selling it for roughly the same $20 they originally paid. For the buyer, it's still a relative deal, and it'll even arrive sooner. It's not just fast fashionBrands beyond Shein and Temu are seeing a lift. As the Poshmark rep pointed out, resales on select high-end brands are up, too. Buying used luxury goods has always been a smart financial decision (certainly it's a practice I've been dedicated to for a long time), but with manufacturing and importation costs an ever-murkier question, it's more sensible than ever. A spokesperson for Vestiaire Collective, a designer resale platform, tells me that U.S. buyers are increasingly able to see the duties applied to their purchases from Europe and Asia at checkout, and that the company has been working to beef up its American foothold for years. That effort is now paying off in a big way thanks to tariffs: In 2022, VC acquired Tradesey to increase its selection of pre-owned fashion offering for U.S. buyers, and it ramped up associated brand marketing the following year. VC also curates a list of goods that are ready to ship from New York City, making it easier for American buyers to identify items that can easily come to them domestically, no tariffs or duties required. Consequently, the brand rep says VC has, "seen a shift of more U.S. buyers buying from U.S. sellers" lately. Personally, I've noticed people buying from me lately, in particular, is workout attire. With the cost of everything going up, it might seem more of a stretch to pop into Lululemon to buy a new pair of leggings for over $100. Meanwhile, the trusty Shein alternative is now more money than its worth. It's this class of in-between necessities—things you don't need to survive, but may be a nice-to-have for your particular interests or lifestyle—that is a source of personal economic woe, and where resale can fill the gap. Whether you need new workout gear, a one-time wear outfit, a few basic pieces, or even a designer handbag, the reality of the post-tariff world is that you're almost certainly better off looking on resale apps before even considering buying new. (You certainly have options—I've assembled a rundown of my own favorite resale apps, including the goods you're most likely to find on each.)What this trend means for resellersI remain shocked that people who presumably would have once ordered their workout sets and summer shorts off Shein are filling the fast-fashion void by purchasing mine, but take it from me: If you have ever considered selling your old clothes or housewares, but figured what you have to offer is too basic, cheap, or plentiful to make the effort worth it, this is your moment. I used to have cheap goods and fast fashion listed on my resale accounts only because it helped keep my number of available listings up, which contributed to my profiles' reputation and lured in buyers for the pricier objects I actually expected to sell. Now, though, it's the cheap stuff that is really moving, and making me money. I've started reevaluating my closet and reconsidering what meets my threshold for "worth it" to list. Post-tariffs, everything is worth it to list. As London puts it, "The tariffs have altered the way in which people do their shopping." It's still pretty early into the great American tariff experiment, but some brands commissioned surveys early on this year to see how people were planning to deal with cost increases and found that a major chunk of consumers indeed expected to rely more on resale. ThredUp, another online resale platform, found that 59% of consumers reported that if apparel got more expensive, they'd look to more affordable options, like secondhand buying, and consumers planned to spend 34% of their apparel budget on secondhand items this year. And those figures are a lot higher for Millennials and Gen Z buyers: They reported planning to spend almost half their clothing budget on resale. Data from Smartly, an online shopping rewards app, also shows that 50% of survey respondents planned to consider resale goods in the face of rising costs. This means that even for casual resellers or those new to the concept entirely, there are a lot of new prospective buyers, which can translate directly to quick sales. At a time when the cost of necessary goods is rising right alongside those in-between necessities, you can make extra cash by selling what you already have. In general, my sales are way up month over month since tariffs went into effect in early May Credit: Lindsey Ellefson Will the resale spike last?I've been buying and selling on resale apps for years and have always had success finding cool stuff to buy as fast as I could get rid of my old clothing, accessories, and electronics. While I've definitely noticed a spike in my sales lately, that's not to say there wasn't demand before the tariffs were announced. If you're new to buying or selling on an app, don't worry that the bubble will burst and you'll have invested a bunch of time in listing your wares for nothing—even if and when the moment passes, reselling can still be a reliable way to make a little extra cash. (In the meantime, if you have a lot to sell and want to maximize your profits, download a cross-lister like Vendoo, which helps you easily list the same product across multiple marketplaces.)Some experts do expect that things could cool down in the nearer term. "Whether the trend persists depends on a number of things, such as how long the tariffs are in effect and how buyers respond to costs," London says. "The resale market for the products is likely to continue expanding if the tariffs are maintained. The demand might plateau or divert towards quality goods or eco-friendly goods when buyers adapt." Razon, meanwhile, thinks resale apps will continue to thrive, but that the interest in procuring cheaply-made things, like fast fashion, may wane. "Resale platforms have been on the good end of the recent tariff increases, especially with consumers looking for cheaper alternatives to imported goods," he says. "The truth is—though it may take consumers time to realize it—they will eventually come to appreciate better-quality goods. There is a great chance that consumers' interest in these lesser-quality goods will wear off as soon as they begin to adjust to the new economic reality."That is to say, list your Shein, Temu, and Aliexpress stuff now while people are still mourning its loss, but also consider those more familiar brands that may also soon see price hikes. Take stock of your closet and do a bit of research to see where all your potential stock is made. Just like I'm worried my beloved SET Active attire is going to go up in price because it's made in China, consumers may soon find themselves wanting to source cheaper stuff from Nike, Adidas, Lululemon, Levi's, and more, as all of those companies manufacture a lot of their clothing overseas. The resale platforms themselves are already anticipating that their digital products are going to get more valuable and stay valuable through (and beyond) the tariff era. Manish Chandra, Poshmark's founder and CEO, says, "As the landscape of tariffs and imports evolves, we believe the secondhand marketplace will become an increasingly valuable and cost-effective resource for American consumers. By shopping from Poshmark closets or starting their own, consumers are supporting sustainability and helping strengthen the American economy." In other words, buying resale is another way of buying American, even if everything you're buying was made in India or China.

Tech layoffs have continued in 2025. Much of that is being blamed on a combination of a slower economy and the adoption of automation via artificial intelligence. Nearly four in 10 Americans, for instance, believe generative AI (genAI) could diminish the number of available jobs as it advances, according to a study released in October by the New York Federal Reserve Bank. And the World Economic Forum’s Jobs Initiative study found that close to half (44%) of worker skills will be disrupted in the next five years — and 40% of tasks will be affected by the use of genAI tools and the large language models (LLMs) that underpin them. In April, the US tech industry lost 214,000 positions as companies shifted toward AI roles and skills-based hiring amid economic uncertainty. Tech sector companies reduced staffing by a net 7,000 positions in April, an analysis of data released by the US Bureau of Labor Statistics (BLS) showed. This year, 137 tech companies have fired 62,114 tech employees, according to Layoffs.fyi. Efforts to reduce headcount at government agencies by the unofficial US Department of Government Efficiency (DOGE) saw an additional 61,296 federal workers fired this year. Kye Mitchell, president of tech workforce staffing firm Experis US, believes the IT employment market is undergoing a fundamental transformation rather than experiencing traditional cyclical layoffs. Although Experis is seeing a 13% month-over-month decline in traditional software developer postings, it doesn’t represent “job destruction, it’s market evolution,” Mitchell said. “What we’re witnessing is the emergence of strategic technology orchestrators who harness AI to drive unprecedented business value,” she said. For example, organizations that once deployed two scrum teams of ten people to develop high-quality software are now achieving superior results with a single team of five AI-empowered developers. “This isn’t about cutting jobs; it’s about elevating roles,” Mitchell said. Specialized roles in particular are surging. Database architect positions are up 2,312%, statistician roles have increased 382%, and jobs for mathematicians have increased 1,272%. “These aren’t replacements; they’re vital for an AI-driven future,” she said. In fact, it’s an IT talent gap, not an employee surplus, that is now challenging organizations — and will continue to do so. With 76% of IT employers already struggling to find skilled tech talent, the market fundamentals favor skilled professionals, according to Mitchell. “The question isn’t whether there will be IT jobs — it’s whether we can develop the right skills fast enough to meet demand,” she said. For federal tech workers, outdated systems and slow procurement make it hard to attract and keep top tech talent. Agencies expect fast team deployment but operate with rigid, outdated processes, according to Justin Vianello, CEO of technology workforce development firm SkillStorm. Long security clearance delays add cost and time, often forcing companies to hire expensive, already-cleared talent. Meanwhile, modern technologists want to use current tools and make an impact — something hard to do with legacy systems and decade-long modernization efforts, he added. Many suggest turning to AI to will solve the tech talent shortage, but there is no evidence that AI will lead to a reduction in demand for tech talent, Vianello said. “On the contrary, companies see that the demand for tech talent has increased as they invest in preparing their workforce to properly use AI tools,” he said. A shortage of qualified talent is a bigger barrier to hiring than AI automation, he said, because organizations struggle to find candidates with the right certifications, skills, and clearances — especially in cloud, cybersecurity, and AI. Tech workers often lack skills in these areas because technology evolves faster than education and training can keep up, Vianello said. And while AI helps automate routine tasks, it can’t replace the strategic roles filled by skilled professionals. Seven out of 10 US organizations are struggling to find skilled workers to fill roles in an ever-evolving digital transformation landscape, and genAI has added to that headache, according to a ManpowerGroup survey released earlier this year. Job postings for AI skills surged 2,000% in 2024, but education and training in this area haven’t kept pace, according to Kelly Stratman, global ecosystem relationships enablement leader at Ernst & Young. “As formal education and training in AI skills still lag, it results in a shortage of AI talent that can effectively manage these technologies and demands,” she said in an earlier interview. “The AI talent shortage is most prominent among highly technical roles like data scientists/analysts, machine learning engineers, and software developers.” Economic uncertainty is creating a cautious hiring environment, but it’s more complex than tariffs alone. Experis data shows employers adopting a “wait and watch” stance as they monitor economic signals, with job openings down 11% year-over-year, according to Mitchell. “However, the bigger story is strategic workforce planning in an era of rapid technological change. Companies are being incredibly precise about where they allocate resources. Not because of economic pressure alone, but because the skills landscape is shifting so rapidly,” Mitchell said. “They’re prioritizing mission-critical roles while restructuring others around AI capabilities.” Top organizations see AI as a strategic shift, not just cost-cutting. Cutting talent now risks weakening core areas like cybersecurity, according to Mitchell. Skillstorm’s Vianello suggests that IT job hunters should begin to upgrade their skills with certifications that matter: AWS, Azure, CISSP, Security+, and AI/ML credentials open doors quickly, he said. “Veterans, in particular, have an edge; they bring leadership, discipline, and security clearances. Apprenticeships and fellowships offer a fast track into full-time roles by giving you experience that actually counts. And don’t overlook the intangibles: soft skills and project leadership are what elevate technologists into impact-makers,” Vianello said. Skills-based hiring has been on the rise for several years, as organizations seek to fill specific needs for big data analytics, programing (such as Rust), and AI prompt engineering. In fact, demand for genAI courses is surging, passing all other tech skills courses spanning fields from data science to cybersecurity, project management, and marketing. “AI isn’t replacing jobs — it’s fundamentally redefining how work gets done. The break point where technology truly displaces a position is when roughly 80% of tasks can be fully automated,” Mitchell said. “We’re nowhere near that threshold for most roles. Instead, we’re seeing AI augment skill sets and make professionals more capable, faster, and able to focus on higher-value work.” Leaders use AI as a strategic enabler — embedding it to enhance, not compete with, human developers, she said. Some industry forecasts predict a 30% productivity boost from AI tools, potentially adding more than $1.5 trillion to global GDP. For example, AI tools are expected to perform the lion’s share of coding. Techniques where humans use AI-augmented coding tools, such as “vibe coding,” are set to revolutionize software development by creating source code, generating tests automatically, and freeing up developer time for innovation instead of debugging code.  With vibe coding, developers use natural language in a conversational way that prompts the AI model to offer contextual ideas and generate code based on the conversation. By 2028, 75% of professional developers will be using vibe coding and other genAI-powered coding tools, up from less than 10% in September 2023, according to Gartner Research. And within three years, 80% of enterprises will have integrated AI-augmented testing tools into their software engineering tool chain — a significant increase from approximately 15% early last year, Gartner said. A report from MIT Technology Review Insights found that 94% of business leaders now use genAI in software development, with 82% applying it in multiple stages — and 26% in four or more. Some industry experts place genAI’s use in creating code much higher. “What we are finding is that we’re three to six months from a world where AI is writing 90% of the code. And then in 12 months, we may be in a world where AI is writing essentially all of the code,” Anthropic CEO Dario Amodei said in a recent report and video interview. “The real [AI] transformation is in role evolution. Developers are becoming strategic technology orchestrators,” Mitchell from Experis said. “Data professionals are becoming business problem solvers. The demand isn’t disappearing; it’s becoming more sophisticated and more valuable. “In today’s economic climate, having the right tech talent with AI-enhanced capabilities isn’t a nice-to-have, it’s your competitive edge,” she said.

While the developer alleviates many of Season 2’s balance complaints, Tekken 8’s next DLC character, Fahkumram, is surging ahead. Out on June 7th for Season 2 Character Pass holders and June 10th for everyone else, the Muay Thai fighter brings his signature dose of destruction. As a relatively new combatant to the series, having debuted in Tekken 7: Fated Retribution, Fahkumram is battling for the Thai military for the sake of his wife and daughter. His style mixes hard-hitting elbow and knee strikes, faints, and channeling lighting to enhance his attacks. His Rage Art is especially breathtaking since it’s a powerful kick that sends his opponent flying (and destroys a chunk of the environment). How he’ll fare in the current meta remains to be seen, so stay tuned for more details. Tekken 8 is available for Xbox Series X/S, PS5, and PC and has sold over three million copies. It faced controversy recently due to Season 2’s changes, for which the developer promised extensive fixes.

Sophie Rucker had been living and working in London for five years when a trip to a yoga training school in Bali presented her with an alternative to the rat race. Despite enjoying life in London, witnessing digital nomads balance work with sun, sea, and relaxed vibes in the Indonesian island province prompted her to pursue more freelance work.  At the start of 2020, having set herself up as a communications strategist for NGOs and social impact organisations, Sophie quit her permanent role and moved to Bali. Despite the uncertainty of the progressing pandemic, she found the space she needed to grieve her mother, whom she had lost not long before. And to Sophie’s delight, the digital nomad lifestyle has fulfilled many of her expectations. She soon noticed, however, a distinct bias against her choice of location. Some potential clients wouldn’t even entertain a conversation, because she was based in Bali. “I couldn’t make sense of it — it felt so stupid,” she explains. “I’m working with organisations like Greenpeace and the UNDP to instigate positive global change, as well as being a somatic trauma counsellor, so when people assume I’m not doing ‘serious work’ out here, it grinds my gears.” Now she has greater control over the projects she pursues, Sophie tells employers she lives in Indonesia, and is transparent about exactly where once she’s secured a contract. It’s the same for many of her remote working friends in Bali, who don’t disclose their location to remote employers for fear of losing work. Getting snubbed from projects, haemorrhaging your savings on basic living costs and constantly edging on burnout are usually the hardships associated with full-time home-based working in a metropolitan centre like London, New York, or Amsterdam. Despite the dominant utopian narrative presented in the media — think bossing it at the beach, bottomless cocktails, and a perennial tan — the reality of balancing global travel with remote work has always been hard. And it’s only getting harder: surging costs, political turbulence, and fickle visa rules are pushing digital nomads in new directions. Forking out for freedom New research from the Dutch neobank Bunq has revealed the hidden financial, emotional and mental toll, with its survey of 5,000 workers across Europe who identify as digital nomads and/or living internationally. Indeed, just one in five say that working internationally has positively impacted their career, with Britons in particular (25%) saying their career has actually suffered as a result of being a digital nomad. It’s certainly not the picture that wistful salaried employees conjure when daydreaming at their desks. For experts in the field, however, the tough reality is widely known. “Many of those experimenting with the lifestyle can’t sustain it,” says David Cook, an anthropologist and researcher at University College London who specialises in remote work. “Maintaining self-discipline, staying productive, and finding the space to focus gets worse over time, not better, alongside all the other external circumstances.” Managing the finance side is an area of particular concern. Bunq found that 17% of study participants feel less financially secure, while 14% are spending more than expected. Although this cohort isn’t weighed down by a mortgage or a huge rental deposit, they do have to factor in local taxes, medical bills, nomad visa costs, insurance claims, legal assistance, and banking fees. Sophie boarding a flight from Bali to visit family in Australia. Credit: Sophie Rucker The top unforeseen expenses, according to Bunq, include medical expenses (16%) and local taxes (15%). Less common, but equally unsettling, is that 5% of nomads across Europe have had to pay for emergency evacuation costs.   All that is before budgeting for the rise in everyday living costs, which have impacted home-based and remote workers alike. Everyone is feeling the pinch, with the majority of Europeans (67%) noticing the rise in food and beverage prices in the past 12 months, as per data from the Dutch firm Innova Market Insights. Day-to-day budgeting trumps a laundry list of other anxieties too. In the first quarter of 2025, McKinsey’s ConsumerWise research found that Europeans ranked rising prices and inflation as their number one concern over issues such as job security, international conflicts, climate change, and political tension, to name a few. Geoarbitrage — decoupling life and work from a specific location to make your income go further — has long been a practice employed by digital nomads. Coined by Tim Ferriss in his 2009 book The 4-Hour Workweek, the tactic is now often being reconsidered due to increased outgoings. “Accommodation has always been the biggest challenge, but in the last few years, after COVID-19 and the war in Ukraine, it’s significantly more expensive, sometimes €200 extra a month for the same place and conditions haven’t changed,” says Anna Maria Kochanska, a strategist who advises governments on digital nomad policy, and has been nomadic since 2017. Anna Maria tends to avoid Airbnb, negotiating directly with apartment owners for midterm rentals, but even so, her rental outgoings are much higher in 2025. “I’m based in Barcelona at the moment, and of course, one solution is to go to new and emerging destinations, with fewer tourists and nomads, but my travel costs are going up too, so I’m moving around less frequently.” Popular digital nomad hubs like Barcelona, Lisbon, and Mexico City are losing their affordable edge, as available housing dries up, prices rise, and neighbourhoods are transformed to meet the needs of itinerant knowledge workers. Local residents are tiring of the impact remote workers are having, and have been protesting against the influx. The souring of once-beloved hubs is leading nomads to look elsewhere and decamp to more off-the-beaten-track destinations. According to 2025 data from Nomad List, which tracks cities, locations and remote workers through the trips booked on its platform, cities like Sarajevo, Portimao, and Varna are emerging as some of the most popular among nomad, with 46% of them staying in one city for less than seven days, and 33% staying between seven and 30 days. Fatigued by visa strategising While some digital nomads are travelling less and avoiding established hotspots to mitigate rising expenses, others are turning their backs on location independence entirely. Kach Umandap has been nomadic since 2014, originally starting as a virtual assistant, then moving into blogging and e-commerce. “For a Filipino like me, there are a ton of limitations on the places I can visit visa-free, but I was determined to visit every single country in the world,” says Kach. “I had to be really strategic about planning and already figure out where I would go afterwards, which is perhaps not the carefree image you have of digital nomad life.”  During certain weeks, Kach would spend more time arranging visas and doing travel admin than her actual job. She often had to do expensive visa runs to neighbouring countries to reset the clock. For example, when based in Vietnam, she needed to travel to Laos every 30 days, pay for transport, a hotel, and a booking agent each time. Having achieved the goal of working from all 193 UN member states and spending thousands of dollars each year on visa applications, Kach has returned to the Philippines to slowly establish her base there. Kach in Turkmenista, one of the 193 UN states she’s worked in. Credit: Kach Umandap Although new digital nomad visas are being rolled out constantly — the latest include Taiwan and the Philippines — many are launched hurriedly, so governments can have a horse in the race in the global talent tussle. Each one has wildly different eligibility criteria and often high minimum income requirements. Iceland, for example, requires a monthly salary of $7,763 (€6,868). Few digital nomads actually even engage with these visa programs. Grappling with a messy landscape and muddy definitions of “a digital nomad,” those eligible are being deterred. For nomads who do try, an application can take months to process, and putting one in only to find out you aren’t eligible due to poor signposting is hugely stressful. “We have the best lifestyle in the world, yet the worst ecosystem,” says Gonçalo Hall, CEO of NomadX, a global platform for digital nomads and president of the Digital Nomad Association Portugal. “Nomads have the numbers, energy, and economic force, but the cohesion is missing.” What’s more, nomads with ”weaker” passports, such as those from Syria, Pakistan, and Nigeria, have a hard time travelling compared to those from the EU and North America. With ongoing conflicts, political instability, and changing immigration laws, crossing the next border for a period of remote work is getting more intimidating by the day.  People drop off from full-time digital nomad lifestyles for many reasons though, from loneliness and moving too often to dealing with bureaucracy and the precarity of their careers. “It’s not for everyone, and although many people experiment with the lifestyle, they discover the real struggle a few months to a year in,” says Cook, of UCL. “It gets harder over time, so successful, long-term nomads need to be disciplined, resilient and self-motivated — in many ways, the perfect neoliberal person.” Cook is in his eighth year of collecting data in Chiang Mai, Thailand with the same group of people and estimates that 90% of the nomads in his research give up the lifestyle in the first year or two. “They tend to start hyper mobile, but end up craving place and being embedded in communities, which is not easy to sustain while living on the move,” explains Cook. “This is compounded when their income situation is precarious.” A strong pull, no matter the cost With 60 million digital nomads predicted to have joined the ranks by 2030, the lifestyle — despite, or even because of its challenges — remains alluring. For the knowledge workers who are forcibly displaced due to war, climate disaster, or fears of persecution, digital nomadism offers the chance to earn, even when on the move. For today’s remote workers, change is the only constant, and roaming patterns will continue to shift, as people adapt and find ways to thrive amid global change. They might choose to housesit through platforms like Nomador and Trusted Housesitters instead of renting, become an e-resident in a country like Estonia to maximise profit and minimise cost, or travel less and embed themselves deeper in a community. After all, the same autonomy and flexibility that draws people to this lifestyle also enables them to overcome the hurdles that come their way. Back in Bali, the housing and rental market is booming — and the clamour about overtourism is getting louder. To slow its development and ease local worries, the Balinese officials have floated the idea of a tourist tax, set to cost around $100 (€88) per day. In the current climate, Sophie is paying £750 (€881) a month for her cabin in Bali — just £70 (€82) shy of the room she rented in London — so she cannot save and is feeling the pressure to maintain her earnings. “The only thing that means I can make it work is the culture and lifestyle — for example, I work when my clients are sleeping, because of the different time zones,” she explains. “It eases my anxiety and enables me to solve problems more creatively.”  As many of her friends return home due to rocketing costs, Sophie is committed to staying put. “I’m in a privileged position to be working on some big projects, and am paying taxes in the UK and contributing to the local economy here,” she says. “I have to keep checking in on myself, but I’ve come to a very conscious decision: loving Bali and this life as much as I do, why should it be any cheaper than where I started?”  Story by Megan Carnegie Megan Carnegie is a London-based independent journalist who specialises in writing features about the world of technology, work, and busines (show all) Megan Carnegie is a London-based independent journalist who specialises in writing features about the world of technology, work, and business for publications like WIRED, Business Insider, Digital Frontier and BBC. Her work is underpinned by a desire to investigate what's not working in the working world, and how more equitable conditions can be secured for workers — whatever their industry. Get the TNW newsletter Get the most important tech news in your inbox each week. Also tagged with