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 ...
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 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 ...
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 ...
Bay Area tech company Chegg lays off hundreds more, CEO blames Google and AI
Chegg, the online education company based in Santa Clara, is laying off 319 workers. It’s the second major cut at Chegg in ...
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 ...