Homework helper Chegg to slash 45% of workforce, bring back old CEO as ‘new realities of AI’ squash revenue
NegativeU.S News

Chegg, the popular homework helper, is facing tough times as it announces a significant workforce reduction of 45%, impacting 338 employees. This decision comes in response to declining revenue driven by the rise of AI technologies, particularly as students increasingly turn to AI chatbots like ChatGPT for assistance. The return of the old CEO highlights the company's struggle to adapt to these new realities in the education sector, making this news particularly concerning for employees and stakeholders alike.
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