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 ...

Chegg (CHGG) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of a loss of $0.14. This compares to earnings of $0.09 per share a year ago. These figures are ...

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 ...

This is a published version of Forbes’ Careers Newsletter. Click here to subscribe and get it in your inbox every Tuesday. Tens of thousands of corporate workers learn this week their jobs will soon ...

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 ...

What just happened? AI's impact on jobs isn't always so direct as replacing workers. Chegg, the education tech company once valued at more than $12 billion, has said it is cutting 45% of its workforce ...

Chegg Inc., a Santa Clara-based online learning platform, said Monday it will cut about 45% of its workforce – roughly 388 employees – as it confronts what it calls "the new realities of AI and ...

If you were a lazy college student during Covid, imagine a time traveler from five years in the future telling you that something kind of like Chegg is coming soon—but this thing lets you be even ...

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 ...

Chegg said it will remain a public standalone company, but restructure how it operates, after initiating a business review in February to address declining traffic. The online education company said ...

Dan Rosensweig returns as CEO, leading Chegg’s restructuring and pivot to the $40B skilling market. Restructuring aims to boost cash flow and refocus investment on AI-driven professional skilling ...