Chegg issues gloomy outlook as AI weighs on sales, plans 21% cut in workforce

seekingalpha

2024-11-13

Sarah Kerver/Getty Images Entertainment

Shares of Chegg (NYSE:CHGG) are down by more than 14% late Tuesday after the company said that due to headwinds from recent technology shifts and student adoption of generative artificial intelligence, the company would need to take further measures

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