A survey of college students by investment bank Needham found 30% intended to use Chegg this semester, down from 38% in the ...
"Technology shifts have created headwinds for our industry and Chegg's business specifically. Recent advancements in the AI ...
The AI revolution already claimed hundreds of jobs at the online tutoring company. Now it could save its business.
Online education company Chegg is laying off 319 employees, 21% of its total staff, and said it expects to fall short of its ...
Chegg’s stock has dropped 99% as students looking for help with homework defect to AI.
Chegg, a Santa Clara-based online education company, has announced another round of layoffs, cutting 319 jobs, or 21% of its ...
Chegg went from steady growth and minimal competition to witnessing its business model swiftly lose relevance with the launch ...
Chegg (CHGG – Research Report), the Technology sector company, was revisited by a Wall Street analyst yesterday. Analyst Jeffrey Silber ...
Schultz also blamed generative AI chatbots like OpenAI’s ChatGPT, saying that students see the tool and others like it as “strong alternatives” to Chegg. Web traffic has dropped sharply as ...
Chief executive Nathan Schultz said the popularity of products such as ChatGPT and the introduction of AI summaries in Google search were weighing on Chegg’s revenue expectations. Web traffic ...