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Chegg ( (CHGG) ) has provided an announcement.
On October 27, 2025, Chegg announced a significant restructuring plan, which includes reducing its global workforce by approximately 45%, impacting around 388 employees. This move aims to align the company’s cost structure with its newly announced strategic focus on standalone operations. The restructuring is expected to incur charges between $15 million and $19 million, primarily for employee transition and severance, with most costs anticipated by the first quarter of 2026. The company’s board also concluded its review of strategic alternatives and announced updates to its standalone operations strategy.
The most recent analyst rating on (CHGG) stock is a Hold with a $1.50 price target. To see the full list of analyst forecasts on Chegg stock, see the CHGG Stock Forecast page.
Spark’s Take on CHGG Stock
According to Spark, TipRanks’ AI Analyst, CHGG is a Neutral.
Chegg’s overall stock score reflects significant financial and valuation challenges, with declining revenues and profitability pressures being the most impactful factors. While there are positive developments in specific business segments and strategic cost-saving measures, these are overshadowed by the broader financial struggles and weak technical indicators. The cautious optimism from the earnings call provides some hope for improvement, but substantial risks remain.
To see Spark’s full report on CHGG stock, click here.
More about Chegg
Average Trading Volume: 3,430,056
Technical Sentiment Signal: Strong Sell
Current Market Cap: $150.6M
See more data about CHGG stock on TipRanks’ Stock Analysis page.