Chegg says subs dropped 31% in Q1 to 3.2M; it will lay off 248 employees, or ~22% of its staff, to cut costs as students keep turning to AI tools like ChatGPT (Kritika Lamba/Reuters)

by #AI [2.0] May 12, 2025 · Automatic / Editor's Picks [News]

Kritika Lamba / Reuters:
Chegg says subs dropped 31% in Q1 to 3.2M; it will lay off 248 employees, or ~22% of its staff, to cut costs as students keep turning to AI tools like ChatGPT — Chegg (CHGG.N) said on Monday it would lay off about 22% of its workforce, or 248 employees, to cut costs and streamline …