Chegg shares are trading higher after the company announced a restructuring plan including a headcount reduction, a new brand and marketing strategy and a dedication of more resources to its international program.
Portfolio Pulse from Benzinga Newsdesk
Chegg shares are trading higher following the announcement of a restructuring plan that includes headcount reduction, a new brand and marketing strategy, and increased resources for its international program.
June 17, 2024 | 8:37 pm
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Chegg shares are trading higher after the company announced a restructuring plan that includes headcount reduction, a new brand and marketing strategy, and increased resources for its international program.
The restructuring plan is likely to improve operational efficiency and market positioning, which investors view positively. The focus on international growth could open new revenue streams.
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