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 reducing headcount, introducing a new brand and marketing strategy, and dedicating more resources to its international program.
June 18, 2024 | 11:20 am
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Chegg shares are trading higher after the company announced a restructuring plan that includes reducing headcount, a new brand and marketing strategy, and dedicating more resources to its international program.
The restructuring plan is likely to improve operational efficiency and expand market reach, which investors view positively. This has led to a short-term increase in Chegg's stock price.
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