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College Students · Santa ClaraEducational technology company Chegg (CHGG.N) 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.
The company, which offers textbook rentals, homework help and tutoring, said the "new realities of AI and reduced traffic from Google to content publishers have led to a significant decline in Chegg's traffic and re…See the Story
Chegg to Lay Off 45% of Workforce as AI Disruption Hits Business
Coverage: 5 sources

