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Fortune

Ashley Lutz

Chegg's CEO once said he's the 'poster child' for AI shock. Now, the company is slashing 45% of staff

Chegg Dan Rosensweig Google Fortune

(Credit: Jemal Countess/Getty Images for Mighty Dream Forum)

Chegg is slashing about 45% of its workforce—388 roles—as the company says the “new realities of AI” and a sharp drop in Google-driven traffic have significantly reduced its student traffic and revenue.

What Chegg announced

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