Education technology firm Chegg is undergoing one of the biggest shake-ups in its history, announcing plans to cut 45% of its global workforce as artificial intelligence transforms the way students ...

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 ...

Shares of online study and academic help platform Chegg (NYSE:CHGG) fell 13.8% in the morning session after the company announced a massive restructuring plan that included laying off 45% of its ...

Chegg Inc. announced one of the most dramatic workforce reductions in recent corporate history Monday, eliminating 45 percent of its employees as artificial intelligence fundamentally reshapes how ...

Chegg (NYSE: CHGG) shares climbed sharply on Monday after the company announced a sweeping restructuring and confirmed that founder Dan Rosensweig will return as CEO. The stock rose 3.6% in afternoon ...

Settlement provides $7.5 million in refunds and requires easier cancellations Chegg, a "study solutions" company will be required to pay $7.5 million to refund customers who were charged for ...

Chegg faces a sharp decline in its core Study Pack business as AI tools like ChatGPT rapidly erode its user base and revenue. Recent growth initiatives—Busuu, Skills, and content licensing—are ...

(KRON) — Education software maker Chegg announced plans on Monday to cut nearly 250 jobs as part of a restructuring plan. In a filing with the Securities and Exchange Commission, Chegg, which is based ...

(Reuters) -Chegg said on Monday it would lay off about 22% of its workforce, or 248 employees, to cut costs and streamline its operations as students increasingly turn to AI-powered tools such as ...

Create enables students to generate personalized practice materials and study plans from their class notes to receive tailored support where they need it the most. Chegg’s Create functionality is ...