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