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  • From $12 Billion to $159 Million: Chegg Slashes 319 Jobs as AI Decimates Its Business
Bay Area tech company, down from $12B to $159M in value, lays off 319
Layoffs
From $12 Billion to $159 Million: Chegg Slashes 319 Jobs as AI Decimates Its Business
Founder News Team Aug 5, 2026 0

Chegg just laid off nearly a quarter of its workforce after losing 99% of its market value in four years.…

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We aim to empower European founders with the insights, trends, and tools they need to build, grow, and lead world-class companies.

By delivering sharp, actionable news and stories that matter, from fundraising to regulation, and from talent to tech, we help entrepreneurs stay ahead in a fast-changing world.

Latest News
Open AI closes the gap as Europe bets on sovereignty and infrastructure
Open AI Models Now Handle a Third of All Production Traffic
Sep 21, 2026
Bodhi Tree Multimedia Board Meets to Evaluate Multiple Fundraising Options
₹2 Billion QIP Bet Pushes Tiny Studio Into IP Ownership Race
Sep 20, 2026
AI Search Citations Reward Structure Over Authority, Data From 4,000 Marketers Reveals
Sep 20, 2026
Pentagon weighs pulling nearly a third of U.S. forces from Europe
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