SF's Pinterest lays off hundreds, citing need for 'AI-proficient talent' [Yahoo! Finance]
Chegg, Inc. (CHGG)
Last chegg, inc. earnings: 2/10 04:05 pm
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Source: Yahoo! Finance
The social media company announced the layoff of up to 15% of its staff in a filing with the Securities and Exchange Commission on Tuesday, adding that it also plans to reduce its office space. The filing said that, along with changing Pinterest's sales staff, the cuts are meant to reallocate resources to "AI-focused roles" and prioritize "AI-powered products and capabilities." Pinterest finished 2024 with 4,666 full-time workers, per an SEC filing last year, meaning these cuts are likely to hit more than 600 employees. The Tuesday filing said the layoffs will be complete by the end of September. The company - with its app known for aesthetic mood boards, shopping and short-form video content - is hardly the first to blame layoffs on the advent of AI. As SFGATE reported in 2024, companies like Google, Dropbox and Chegg have been among those cutting costs elsewhere in efforts to redirect cash toward AI hires and technology. "We are making organizational changes to further delive
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CHGG
News
- Chegg Skills and Woolf Partner to Launch Skill-First Degrees for Rapidly Changing Workforce [Yahoo! Finance]Yahoo! Finance
- Chegg Skills and Woolf Partner to Launch Skill-First Degrees for Rapidly Changing WorkforceBusiness Wire
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- ‘Click to cancel' bills in Congress target consumer subscriptions that are hard to ditch [CNBC]CNBC
CHGG
Earnings
- 11/10/25 - Beat
CHGG
Sec Filings
- 1/30/26 - Form SCHEDULE
- 1/15/26 - Form 4
- 12/29/25 - Form 8-K
- CHGG's page on the SEC website