Chegg's Restructuring Boosts Shares, New CEO Leads Skilling Division
Update: 2025-11-12
Description
Cheggs shares surged over five percent after releasing Q3 earnings, despite a forty-two percent revenue drop. The company announced a strategic shift, focusing on its Chegg Skilling division, projected to grow by fourteen percent. Investors reacted positively to the restructuring and the return of CEO Dan Rosensweig. However, shares remain volatile, down nearly thirty percent year-to-date.
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