Chegg Stock News

Chegg, Inc. ( CHGG ) Q3 2025 Earnings Call November 10, 2025 4:30 PM EST Company Participants Tracey Ford - Vice President of Investor Relations Daniel Rosensweig - Executive Chairman & CEO David Longo - CFO, Principal Financial & Accounting Officer and Treasurer Conference Call Participants Eric Sheridan - Goldman Sachs Group, Inc., Research Division Devin Au - KeyBanc Capital Markets Inc., Re...

SANTA CLARA, Calif--(BUSINESS WIRE)--Chegg, Inc. (NYSE:CHGG), the leading student-first connected learning platform, today reported financial results for the three months ended September 30, 2025. “This quarter marks an inflection point for Chegg with our recent decisive action to streamline our structure, strengthen our balance sheet, and focus Chegg on the large and growing skilling market,” ...

The rising effectiveness of artificial intelligence is making this business obsolete.

Chegg's stock is down 99% as free AI tools like ChatGPT have made its paid homework help model obsolete, causing massive subscriber and traffic declines.

Chegg is laying off 45% of its workforce, or 388 employees. The company blamed the "new realities" of artificial intelligence and diminished traffic from search engines like Google.

Educational technology company Chegg said on Monday it would cut 388 roles globally, or about 45% of the workforce, to reduce costs and streamline operations as it works to adapt to the growing shift toward AI-powered tools.

Chegg narrowed its net loss by over 80% as cost-cutting stabilized operations despite continued revenue decline.

SANTA CLARA, Calif.--(BUSINESS WIRE)--Chegg, Inc. (NYSE: CHGG), a leading learning platform, today announced it will remain a standalone public company and undertake a restructuring. Executive Chairman Dan Rosensweig will reassume the role of President and Chief Executive Officer, effective October 27, 2025. Current President and Chief Executive Officer Nathan Schultz will become an Executive A...