First intended as an online bulletin board for college students, particularly aimed at selling textbooks, Cheggpost was founded in 2000 by three Iowa State University students, Josh Carlson, Mike ...

Chegg faces existential threats from AI disruption, losing ~40% of its value and risking delisting as its stock nears $1. CHGG's restructuring splits the business into "Chegg Skilling" and "Academic ...

Earlier this week, Chegg announced a major restructuring, revealing plans to eliminate approximately 388 roles, or 45% of its global workforce, alongside the return of former CEO Dan Rosensweig as ...

Forbes contributors publish independent expert analyses and insights. Peter Cohan, a Boston-based senior contributor, covers stocks. Chegg's stock is down 99% as free AI tools like ChatGPT have made ...

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 ...

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 ...

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, the Santa Clara tech company known best for its online homework help, and more recently for its struggles amid competition from artificial intelligence tools, is laying off another 388 workers.

Chegg is slashing about 45% of its workforce—388 roles—as the company says the “new realities of AI” and a sharp drop in Google-driven traffic have significantly reduced its student traffic and ...