Chegg was once a high-flying tech stock. Its shares now trade down 99.03% from record highs, all thanks to AI

Not too long ago, Chegg (CHGG) looked absolutely unbeatable. It was without doubt one of the biggest winners to emerge from the COVID-19 pandemic, riding a wave of digital learning and remote working...

MSN·May 13

AI wipes out a former Wall Street favourite

While artificial intelligence (AI) is disrupting entire industries big time, it appears one company has been completely wiped out by the technology. Chegg Inc. (NYSE: CHGG) is an American edtech ...

TheStreet.com·Apr 22

Chegg Stock Down 99%. Learn Whether AI, 45% Layoffs Make $CHGG A Buy

Forbes contributors publish independent expert analyses and insights. Peter Cohan, a Boston-based senior contributor, covers stocks. Chegg's stock is down 99% as free AI tools like ChatGPT have made...

Forbes·Oct 29

Chegg is cutting 388 jobs (45% of workforce) due to AI competition and reduced Google search traffic

Chegg announced on Monday it will eliminate 388 jobs, representing about 45% of its total workforce, as the education technology company struggles with falling revenue caused by artificial ...

MSN·Oct 28

US edtech company Chegg ‘blames’ Google, OpenAI for cutting 22% of jobs

The Times of India·May 13

Chegg (CHGG) Shares Collapse 99% as AI Disruption Reshapes EdTech Landscape - Management Guidance Update

newsline.com·May 21

Chegg becomes first $14B firm erased by AI disruption

Once valued at nearly $15 billion, homework-help platform Chegg has seen its market cap collapse to just $114 million after AI tools like ChatGPT rendered its services obsolete. Attempts to counter...

MSN·Apr 29

How ChatGPT and other AI tools ‘killed’ this $15 billion American technology company in less than 4 years

The Times of India·Apr 22

How is AI impacting Chegg's future?

AIM Media House·Oct 28

Hit by AI, edtech firm Chegg slashes jobs and names new CEO in major overhaul

Oct 27 (Reuters) - Educational technology company Chegg (CHGG.N), opens new tab said on Monday it would cut 388 roles globally, or about 45% of the workforce, to reduce costs and streamline...

Reuters·Oct 27

Homework tool Chegg to slash 22% of workforce as AI bots steal away students

Chegg on Monday announced plans to slash 22% of its workforce as artificial intelligence bots steal students away from its study and homework help tools. The online platform, which offers textbook ...

New York Post·May 12

Chegg (CHGG) Plunges 99% as AI Tools Replace Traditional EdTech Services

Eagle Point Capital, an investment firm, released its “Spring 2026 Portfolio Update” investor letter. A copy of the letter can be downloaded here. The firm reported a resilient performance for the ...

Insider Monkey·May 20

This $14 Billion Business Is Officially the First Company to Be Completely Wiped Out By AI

There was a time when investors and students loved Chegg, the edtech company that helped with homework for $14.95 a month. Then generative AI showed up. In February 2021, Chegg’s stock traded at $115...

Entrepreneur·Apr 28

will chegg stock recover — 2024 outlook

Bitget·Nov 23

Chegg replaces CEO and cuts 45% of staff as AI decimates its one-time $12 billion business

What just happened? AI's impact on jobs isn't always so direct as replacing workers. Chegg, the education tech company once valued at more than $12 billion, has said it is cutting 45% of its...

TechSpot·Oct 28

Chegg to Remain a Standalone Public Company to Maximize Shareholder Value

SANTA CLARA, Calif.--(BUSINESS WIRE)--Chegg, Inc. (NYSE: CHGG), a leading learning platform, today announced it will remain a standalone public company and undertake a restructuring. Executive ...

Business Wire·Oct 27