Bay Area tech company Chegg lays off hundreds more, CEO blames Google and AI

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Bay Area tech company Chegg lays off hundreds more, CEO blames Google and AI (www.sfgate.com)

From the post:

>Chegg announced the new layoff round, which will hit 21% of its workforce, in a filing with the Securities and Exchange Commission on Tuesday. The company delivered the news alongside another brutal quarterly financial report; Chegg lost more than $212 million from July through September. CEO Nathan Schultz, in prepared remarks accompanying the report, expressed some optimism but called it a “trying time” for his company. Chegg provides grammar and plagiarism checkers, plus course-by-course study help, along with much-used textbook solution guides.

Archive: https://archive.today/CGj0k From the post: >>Chegg announced the new layoff round, which will hit 21% of its workforce, in a filing with the Securities and Exchange Commission on Tuesday. The company delivered the news alongside another brutal quarterly financial report; Chegg lost more than $212 million from July through September. CEO Nathan Schultz, in prepared remarks accompanying the report, expressed some optimism but called it a “trying time” for his company. Chegg provides grammar and plagiarism checkers, plus course-by-course study help, along with much-used textbook solution guides.

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It was so morons with too much money could cheat at school and possibly get into colleges that they could not achieve in where they would then cheat more to get into jobs they are not qualified for...etc...etc...etc...

I know someone that worked there years ago. He literally referred to it as "that company that helps you cheat at school". He hated it and quit.

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