"Technology shifts have created headwinds for our industry and Chegg's business specifically. Recent advancements in the AI ...

Chegg (CHGG) has announced a new round of layoffs, and according to its CEO, the rise of ChatGPT and Google’s (GOOGL) AI summaries are largely to blame. Yesterday, the digital education platform ...

to help with homework and assignments, with 17% of students saying they use ChatGPT for assignments and exams and 11% of student papers using AI. In this situation, Chegg, a major homework help ...

Chegg, Bay Area online education company once worth $12 billion, is laying off hundreds of workers in a second cut this year.

Chegg, a Santa Clara-based online education company, has announced another round of layoffs, cutting 319 jobs, or 21% of its ...

Online education company Chegg is laying off 319 employees, 21% of its total staff, and said it expects to fall short of its ...

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 ...

The AI revolution already claimed hundreds of jobs at the online tutoring company. Now it could save its business.

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 ...

With artificial intelligence changing the way many companies do business, Chegg (CHGG) is trying to avoid becoming the first major victim of ...