Chegg outsources 45% of workforce as AI impacts online learning business

Chegg Inc., the Santa Country platform, said that Endam will cut every 4.5% of its games and content flights and eventually content. “

In its official statement, the company said that the plan reflects the “significant decline in the annual exchange rate and the changing pattern of earnings.

Chegg said the separation will reduce the 2026 expenses by about $ 100 million $ 110 million and result in costs of $ 15 million, mostly $ 19 million, mostly in the worst.

I time to provide more information during the third quarter call on November 10.

In this photo image Begg, Inc. logo of a technology company of a company seen on a smartphone. (Pavlo Gonchar / SOPA / Lithtrockets Image / Image

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Chief executive Dan Rosensant will return as President and CEO, effective, as part of the overhaul. Nathan Schultz, who will be elected in 2024, will go down and judge as an executive for the rent rosens and the board.

“When I return to the road of the role, I believe that the channel has a bright satosh, and I hope that all the roads or increase the value of the stock,” Rosenswer said on release.

The confirmed company will remain an independent public company pending options, including sale or going private.

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Google Ai on mobile. (Jonathan RaA / Nurphoto via Image / Image Image)

“After considering several proposals, Lutrawan has determined that this rest offers an independent public opportunity for the value of the divorce of the development of Sége,” he said.

The company said AI Yokk and the reduction of the Google Representative Google Research has caused a significant drop in Lading and results.

Chegg headquarters in Santa Clara, California, USA (David Paul Morris/Bloomberg via Image Image/Image Image)

“The new reality of AI and traffic from Google for content flights caused a significant drop in ChegG traffic and revenue,” it said.

As an adapter, Chibg will interfere with the operation to a lower operation and lower investment for what the phone is developing. ”

The Google logo and II the word intelligence are seen in this illustration. (Reuters / Dado ruvic / illustration / file / reuters photo file)

Chegg said that plans to expand some of the traditional learning to help produce “Skinting Skying Business-focused Organizations” sessions that deal with skills related to existing skills.

The new collection is expected to be around $70 million in revenue by 2025 and double in 2026.

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Chegg reiterated its third guideline with spread investors on “risk and certainty