Andy Challenger, president of U.S. employment-data firm Challenger, said that beyond AI-related cuts the firm is seeing a sharp rise in layoffs tied to mergers and acquisitions and higher losses from bankruptcies, indicating companies are actively re

2026-06-04

Andy Challenger, president of U.S. employment-data firm Challenger, said that beyond AI-related cuts the firm is seeing a sharp rise in layoffs tied to mergers and acquisitions and higher losses from bankruptcies, indicating companies are actively restructuring as they reposition for an AI-driven economy.