Chegg replaces CEO and cuts 45% of staff as AI decimates its one-time $12 billion business

TechSpotTuesday, October 28, 2025 at 2:17:00 PM
Chegg replaces CEO and cuts 45% of staff as AI decimates its one-time $12 billion business
Chegg has announced a significant leadership change, replacing its CEO and laying off 45% of its workforce as it struggles to adapt to the rapid advancements in AI technology. Once valued at $12 billion, the company is facing challenges in maintaining its relevance in the education sector. This move highlights the broader impact of AI on traditional business models, emphasizing the need for companies to innovate or risk obsolescence.
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