Chegg layoffs: Company to cut over 300 jobs, CEO blames AI ...Middle East

(KRON) -- Santa Clara-based education tech company announced plans to slash its workforce by 21% this week and the CEO put part of the blame on AI. In a filing with the Securities and Exchange Commission Tuesday, Chegg announced it would be letting go of 319 employees. The 21% reduction of its headcount is part of a restructuring plan intended to "streamline" operations and better align the company's "cost structure with recent industry challenges that are negatively impacting" its business, the company said. Some of those challenges, according to the SEC filing, include increased competition and students using generative AI. What is Bluesky? Emerging social platform tops 15M u

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Chegg layoffs: Company to cut over 300 jobs, CEO blames AI ...Middle East

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