Key Takeaways Chegg is restructuring its model, slashing costs and shifting focus from academics to skilling growth.CHGG revenues fell 42% in Q3 2025, but skilling units are targeting sustained double-digit growth.Udemy is growing subscriptions, now 74% of revenues, though enterprise retention and consumer growth lag.The online education market is undergoing a structural reset as learner behavior shifts toward flexible, outcome-oriented skill development and generative AI reshapes how knowledge is consumed. ...