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Chegg Stock Pops on Restructuring News. Analysts Are Still Wary.
Chegg is restructuring, including layoffs of more than one-fifth of its staff, to cut costs and position itself for the future. Chegg —a learning platform and textbook rental company—said after the stock market closed on Monday that it is implementing a plan to cut costs and will launch a handful of offerings powered by artificial intelligence. Chegg is also closing two offices outside the U.S.
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