CHGG - Chegg Announces Restructuring Plan: What's Going On With The Stock? | Benzinga
Chegg, Inc. (NYSE:CHGG) shares are trading higher Monday after the company announced a restructuring plan and new vision for growth.
The Details: The restructuring plan will include a 23% headcount reduction, a refocus on students with a comprehensive course load and dedication of more resources to its international program.
The company also said it will execute a new brand and marketing strategy, including reaching students in high school and earlier in college, diversify distribution channels and simplify ...