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 rentals and step-by-step homework tutorials, said it has been struggling as Google’s AI Overviews squash web traffic, and firms like OpenAI and Anthropic offer discounts and deals to college students on their language models. “We believe the macroeconomic trends will continue to put pressure on our company and busi ...