Shares of Chegg, Inc. CHGG have lost 45.4% in the past three months compared with the Zacks Internet – Software industry’s 10.1% decline. Over the same timeframe, the broader Computer and Technology ...

Shares of online study and academic help platform Chegg (NYSE:CHGG) fell 8.7% in the afternoon session after the Federal Trade Commission (FTC) took action against peer company Illuminate Education, ...

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 ...

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 ...

Investors reacted positively to the drastic cost-cutting measures. After closing the regular session at $1.44 apiece, Chegg’s stock jumped $0.060, or 4.17%, in after-hours trading. The sweeping ...

It turns out that AI is absolutely going to take your job, with educational technology company Chegg announcing massive layoffs and citing the “new realities of artificial intelligence” as the primary ...

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 Inc. announced one of the most dramatic workforce reductions in recent corporate history Monday, eliminating 45 percent of its employees as artificial intelligence fundamentally reshapes how ...

Chegg, the Santa Clara tech company known best for its online homework help, and more recently for its struggles amid competition from artificial intelligence tools, is laying off another 388 workers.