<ul><li>Chegg plans to lay off approximately 22% of its workforce, around 248 employees, to reduce costs and adapt to the evolving digital learning landscape.</li><li>The company faces declining website traffic due to the growing preference for AI-driven tools like ChatGPT over traditional edtech services.</li><li>As part of cost-cutting measures, Chegg will close offices in the US and Canada by 2025 and reduce marketing efforts and product development.</li><li>Despite initial charges of $34–$38 million in the short term, Chegg expects long-term savings of $45–$55 million in 2025, increasing to $100–$110 million by 2026.</li></ul>

Chegg to lay off 22% of workforce amid growing AI disruption

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