Chegg to Lay Off 45% of Workforce as AI Disruption Hits Business

Chegg slashes nearly half of its workforce as AI eats into its business

The ed tech company is restructuring and shuffling its leadership as it continues on alone after considering a possible sale and other alternatives.

Hit by AI, edtech firm Chegg slashes jobs and names new CEO in major overhaul

Educational technology company Chegg said on Monday it would cut 388 roles globally, or about 45% of the workforce, to reduce costs and streamline operations as it works to adapt to the growing shift toward AI-powered tools.

CEO gets $3.2M severance deal as Bay Area tech company lays off 388 workers

Chegg is laying off 388 workers, in the Bay Area tech company's fourth layoff round since June 2024, and its CEO is leaving with a hefty severance package.

Silicon Valley online education company cuts nearly half its workforce, blaming ‘new realities of AI’

Bay Area edtech firm Chegg is cutting 45% of its workforce, citing “new realities of AI” and falling Google traffic as it retools for the future.

Chegg fires 45% of workforce, blames 'AI competition'

Chegg cuts 45% of workforce citing AI competition and reduced Google traffic, with stock losing 99% of value since 2021 peak as ChatGPT disrupts business

Homework helper Chegg to slash 45% of workforce, bring back old CEO as ‘new realities of AI’ squash revenue

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 revenue, following significant cuts earlier this year.