Why Chegg Stock Is Up Big Today

The company is cutting costs as it looks to rework its offering A slimmer, refocused Chegg The company isn't standing still in the face of this threat. Chegg is developing its own customized AI tools that it hopes will drive future subscription growth. In April, the company named longtime Chief Operating Officer Nathan Schultz as CEO, with a mandate to revamp Chegg's operations. Schultz said in a statement: Is Chegg stock a buy? Management said the cuts will save $40 million to $50 million annually and reco ...