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    Chegg Surges 20% on Restructuring and Layoff News | FinOracle

    Market Trends & Social Media Insights – October 12, 2024 18:28

    Chegg Surges 20% on Restructuring and Layoff News | FinOracle

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    Chegg Surges 20% on Restructuring and Layoff News | FinOracle

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    Chegg Surges 20% on Restructuring and Layoff News | FinOracle

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    Chegg Surges 20% on Restructuring and Layoff News | FinOracle

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    Chegg Surges 20% on Restructuring and Layoff News | FinOracle

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Chegg Surges 20% on Restructuring and Layoff News

Chegg surges 20% post-market as it announces a restructuring plan involving 441 layoffs to refocus on students and streamline operations.

by Mark Eisenberg
Tue, Jun 18, 2024 8:25am
in Business
• 2 mins read
13.9k
Chegg Surges 20% on Restructuring and Layoff News | FinOracle

Photo: Finoracle.net

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Chegg Surges 20% in After-Hours Trade, Announces Restructuring Plan and Layoffs

Chegg Inc experienced a 20.3% surge in post-market deals on Monday after announcing a significant restructuring plan. This plan includes the departure of 441 employees, representing 23% of the company's global workforce.

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