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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
You Can’t Regulate Your Way to AI Sovereignty
Europe Bets Legal Stability Can Lure AI Labs Away From American Compute
Aug 5, 2026
TMX Group Limited Reports Results for the Second Quarter of 2026 — TradingView News
TMX Profit Surges 92% as $3.2 Billion US Options Deal Reshapes Expansion
Aug 5, 2026
Apple posts strongest June quarter as India growth gathers pace
Mac Sales Surge 29% as Apple’s India Revenue Shatters June Quarter Record
Aug 5, 2026
EU transfers 3.47 billion euros to Ukraine for defense support
3.47 Billion Euro Lifeline Lands in Kyiv as EU Demands Rule-of-Law Reforms
Aug 5, 2026
Le Monde
European AI Megafactories Get $5.3 Billion Push to Rival US and China
Aug 5, 2026
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