Chegg Announces Restructuring to Reduce Workforce and Costs, Plans Investment in Skilling Market and AI-Focused Learning Services
Chegg Inc. has announced a new strategic direction focused on expanding its business-to-business offerings in the skilling market, particularly in professional language learning, workplace readiness, and AI-related skills courses. The company aims to generate approximately $70 million in revenue from these areas in 2025, with plans for double-digit growth in 2026. As part of this strategy, Chegg will undergo a restructuring that includes a reduction of 388 roles globally, representing about 45% of its workforce, to lower operating costs and strengthen cash flow. The restructuring is expected to reduce non-GAAP expenses by $100-110 million in 2026, enabling increased investment in growth opportunities within the estimated $40+ billion skilling market. Chegg has also confirmed its decision to remain an independent public company following a comprehensive strategic review.
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