Online education company Chegg is laying off 319 employees, 21% of its total staff, and said it expects to fall short of its previously announced financial targets for next year as artificial-intelligence tools continue to eat into its online homework solutions business.
https://www.wsj.com/livecoverage/stock-market-today-dow-sp500-nasdaq-live-11-12-2024/card/online-education-company-chegg-to-lay-off-staff-as-ai-tools-weigh-on-revenue-targets-qYYbTOKMAe8OblSEyLUD