Chegg To Reduce Workforce By 80 Employees Or ~4%; Sees Charges $5M-$6M
Portfolio Pulse from Benzinga Newsdesk
Chegg plans to reduce its workforce by 80 employees, approximately 4% of its total staff, and expects to incur charges of $5M-$6M.
June 12, 2023 | 8:20 pm
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Chegg is reducing its workforce by 80 employees (4%) and expects charges of $5M-$6M.
The reduction in workforce may lead to short-term negative sentiment among investors, as it could signal potential financial or operational issues. The charges of $5M-$6M will also impact the company's financials in the short term.
CONFIDENCE 90
IMPORTANCE 80
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