Chegg, Inc. CHGG has redefined its business model with a new growth engine, Chegg Skilling, built by integrating Busuu and Chegg Skills. The cornerstone of this reinvention is its belief in the ...

Shares of Chegg, Inc. CHGG have lost 45.4% in the past three months compared with the Zacks Internet – Software industry’s 10.1% decline. Over the same timeframe, the broader Computer and Technology ...

Chegg is laying off 388 employees, approximately 45% of its workforce, citing the impact of AI-powered tools and reduced Google traffic. The company also announced the immediate return of former CEO ...

Online homework helper Chegg said Monday that it will slash 45% of its workforce and bring back its previous CEO as it grapples with the “new realities of AI,” including reduced web traffic and ...

What just happened? AI's impact on jobs isn't always so direct as replacing workers. Chegg, the education tech company once valued at more than $12 billion, has said it is cutting 45% of its workforce ...

Chegg Inc., a Santa Clara-based online learning platform, said Monday it will cut about 45% of its workforce – roughly 388 employees – as it confronts what it calls "the new realities of AI and ...

Investors reacted positively to the drastic cost-cutting measures. After closing the regular session at $1.44 apiece, Chegg’s stock jumped $0.060, or 4.17%, in after-hours trading. The sweeping ...

It turns out that AI is absolutely going to take your job, with educational technology company Chegg announcing massive layoffs and citing the “new realities of artificial intelligence” as the primary ...

If you were a lazy college student during Covid, imagine a time traveler from five years in the future telling you that something kind of like Chegg is coming soon—but this thing lets you be even ...

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. Chegg (NYSE: CHGG) shares climbed sharply on Monday after ...