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Earlier this week, Chegg announced a major restructuring, revealing plans to eliminate approximately 388 roles, or 45% of its global workforce, alongside the return of former CEO Dan Rosensweig as ...
What Happened? Shares of online study and academic help platform Chegg (NYSE:CHGG) jumped 5.8% in the afternoon session after ...
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The shift toward digital learning continues to create both winners and laggards in the education technology or EdTech space.
The ed-tech behemoth Chegg is slashing severely to remain afloat, reporting plans to cut around 388 workers, nearly 45% of ...
Chegg stock has lost 99% of its value since 2021. With shrinking revenue and high cash burn, can Chegg charge students money ...
This is only the latest in a drumbeat of job cuts at Chegg: June 2024, November 2024, May and now, for a total of 1,396 ...
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Learn more about the educational technology company and its plans to layoff 45% of its workforce in response to AI.