Cost EfficiencyThe company is restructuring its business to run its academic products at a lower cost structure, which could enhance operational efficiency.
Growth InitiativesThe company is focused on investing for growth in the Chegg Skilling business, which combines a language learning business and a workforce upskilling/reskilling platform.
Leadership ChangeChegg's announcement that former CEO & current Exec. Chairman, Dan Rosensweig, will be returning to the role of President & CEO indicates a strategic effort to lead the company's turnaround.