#chegg

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#generative-ai
Tech industry
fromSFGATE
6 months ago

CEO gets $3.2M severance deal as Bay Area tech company lays off 388 workers

Chegg will cut 388 jobs (about 45% of staff), replace its CEO, remain public, and cites AI-driven declines and reduced Google traffic after prior layoffs totaling 1,396.
Silicon Valley
fromSFGATE
1 year ago

Amid fight with Google, Bay Area's Chegg slashes yet more staff

Chegg faces significant challenges driven by AI technology, resulting in major layoffs and a sharp decline in stock value.
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