Chegg layoffs: Company to cut over 300 jobs, CEO blames AI
Santa Clara-based education tech company announced plans to slash its workforce by 21% this week and the CEO put part of the ...
Bay Area tech company Chegg lays off hundreds more, CEO blames Google and AI
Chegg, Bay Area online education company once worth $12 billion, is laying off hundreds of workers in a second cut this year.
Chegg Shares Drop 13% as Students Go for Free AI Education Tools
Shares of Chegg dropped to a new record intraday low after the company said it is further restructuring its operations to respond to an educational environment that is increasingly adopting free and ...
Chegg Faces Challenges Amid Declining Revenue and Rising AI Competition
In a report released today, Josh Baer from Morgan Stanley maintained a Hold rating on Chegg (CHGG – Research Report), with a price target ...
Chegg Faces Traffic Decline and AI Competition: Hold Rating Issued Amid Short-Term Challenges
Needham analyst Ryan MacDonald has maintained their neutral stance on CHGG stock, giving a Hold rating today. Ryan MacDonald has given his ...
From Star to Struggler: Chegg's Fight to Survive Against ChatGPT Favoritism
"Technology shifts have created headwinds for our industry and Chegg's business specifically. Recent advancements in the AI ...
Online Education Company Chegg to Lay Off Staff as AI Tools Weigh on Revenue Targets
Online education company Chegg is laying off 319 employees, 21% of its total staff, and said it expects to fall short of its ...
A study says the global luxury goods market will shrink in 2025. Trump tariffs could make it worse
Global sales of personal luxury goods are forecast to shrink in 2025 for the first time since the Great Recession, according ...