Chegg Inc. (NYSE:CHGG) announced a massive restructuring plan on Oct. 27, 2025, that includes laying off 45% of its global workforce, or 388 employees. The company cited significant revenue declines from the “new realities of AI” as the primary driver for the move.Check out CHGG stock price here.Chegg Soars Over 4% After Announcing Restructuring PlanInvestors reacted positively to the drastic cost-cutting measures. After closing the regular session at $1.44 apiece, Chegg’s stock jumped$0.060, or 4.17%, in ...