Chegg slashes 45% of workforce, blames 'new realities of AI'

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  "signal_type": "news",
  "signal_subtype": "decreases_headcount_by",
  "detected_at": "2025-10-28T00:10:13+00:00",
  "company": {
    "name": "Chegg",
    "domain": "chegg.com"
  },
  "data": {
    "url": "https://stockxpo.com/2025/10/28/chegg-slashes-45-of-workforce-blames-new-realities-of-ai",
    "title": "Chegg slashes 45% of workforce, blames 'new realities of AI'",
    "excerpt": "Chegg slashes 45% of workforce, blames 'new realities of AI'\n\nKey points.\n\n* Dan Rosensweig, CEO, CheggScott Mlyn | CNBCChegg said on Monday it would lay off about 45% of its workforce, or 388 employees, as the \"new realities\" of artificial intelligence.\n* The online education company, founded 20 years ago, has been hit by the rise of generative AI software tools, such as OpenAI's ChatGPT, which have become increasingly popular.\n* The stock has since lost 99% of its value.\n\nDan Rosensweig, CEO, Chegg\n\nChegg said on Monday it would lay off about 45% of its workforce, or 388 employees, as the \"new realities\" of artificial intelligence and diminished traffic from internet search have led to plummeting revenue.\n\nThe online education company, founded 20 years ago, has been hit by the rise of generative AI software tools, such as OpenAI's ChatGPT, which have become increasingly popular among students. Chegg also sued Google in February, arguing that AI summaries of search results have hurt its traffic and sales.\n\nThe company reiterated that claim on Monday, saying AI and \"reduced traffic from Google to content publishers\" have damaged its business.\n\n\"As a result, and reflecting the company's continued investment in AI, Chegg is restructuring the way it operates its academic learning products,\" the company said.\n\nThe cuts come after Chegg in May laid off 22% of its workforce, citing...",
    "summary": "Chegg, Inc. decreased headcount by 388 on Nov 3rd '25.",
    "category": "decreases_headcount_by",
    "found_at": "2025-10-28T00:10:13Z",
    "planning": false,
    "headcount": 388,
    "image_url": "https://stockxpo.com/wp-content/uploads/2025/10/chegg-slashes-45-of-workforce-blames-new-realities-of-ai.jpg",
    "confidence": 0.7535,
    "published_at": "2025-10-28T00:10:13Z",
    "effective_date": "2025-11-03",
    "article_sentence": "Chegg said on Monday it would lay off about 45% of its workforce, or 388 employees, as the \"new realities\" of artificial intelligence and diminished traffic from internet search have led to plummeting revenue."
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