The Chegg Grand Education Platform, known for teaching aids and online reflection, announced that there is a decrease in 22% of the state-this is about 248 employees. The reason for this is the mass transition of students to AI tools such as chatgpt instead of traditional solutions for online learning.
The company is expected to increase traffic for several months and this trend is only expected to increase. For example, Google actively improves the Gemini AI platform, which holds users as part of the brand ecosystem. In parallel, competitors such as Openai and Anthropics attract students with free subscriptions.
Abbreviations will be affected by the offices in the United States and Canada, which are planned to be closed by the end of the year. Thanks to its restructuring, Chegg is waiting to save from $ 45 million to $ 55 million in 2025 and $ 110 million in 2026.
Source: Ferra
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