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

Welcome • User Guide
ToS • Privacy • Canary
Donate • Bugs • License

©2024 Poal.co

228

• (+2/-0)

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.

You are currently inside a comment thread.

Click here to see all the comments (2).

[–] • 1 pt

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.

parent
link

/s/business

89 subscribers

(sub created ago)

About this sub

THE RULES:

No advertising, this includes "Free stuff for your whatever" type posts, even if you didn't write the post.
Posts must be about things businesses are doing. Posts that are nothing more than long writeups with links to things that "help your business" or explain "why you need this for your business" are advertising and fall under rule #1.
Keep memes and image posts on topic for what businesses are doing.
You're free to talk about what you've done in making your personal business a success, but talk about it in general terms. Don't give product names, pictures, or any kind of links.
Start at #1 and read the rules again.

Posts that are amusingly bad may be moved to /s/HaveAPepsi and deemed "Coke." Batteries are not included, this offer void where prohibited by law, which is pretty much everywhere including the moon, no cash value save that which is in your pants pockets and will need to be given to us. By using this sub, you offer control of your soul to stupidbird who may use it for whatever purposes, up to and including the dark arts in which case your only recourse is to appeal to the council of evil and have your petition denied. Please take heart, amid the deepening gloom, that your dog is finally getting enough cheese. We’ll decide what will be on the contract. You’ll pay us to be allowed to do the work. You will make the product. Then you’ll give it to us, and it will be ours forever. If anybody buys it, we might give you some money. If you’re lucky. Or we might put it in a drawer and forget about it. In any event you will get nothing, and you will thank us for it. You understand that any breach of this agreement may invoke unspecified consequences of a dire nature, potentially affecting your being in ways beyond your comprehension. Proceed at your own peril. All posts here are for informational purposes only and should not be taken as business or medical advice. Supplies are limited, this offer void after January 1, 1922 or when supplies are exhausted. Please put that down, don't stick that in there, and for the love of god please put on some pants, no one wants to see that. (c) 1988 Con-Troll, Inc, PO Box 12, Wrestlemania, MN.