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Benzinga
Benzinga
Business
Rishabh Mishra

Chegg Jumps Over 4% After-Hours As It Lays Off 45% Workforce, Blaming AI Amid New Restructuring Plan

Chegg CHGG Dow Jones
Chegg

Chegg Inc. (NYSE:CHGG) announced a massive restructuring plan on Oct. 27, 2025, that includes laying off 45% of its global workforce, or 388 employees. The company cited significant revenue declines from the “new realities of AI” as the primary driver for the move.

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