---
schema_version: "secwatch.filing_event.v1"
accession: "0001364954-25-000112"
form_type: "8-K"
ticker: "CHGG"
cik: "0001364954"
company_name: "CHEGG, INC"
filed_at: "2025-10-27T23:59:59+00:00"
generated_at: "2026-05-17T02:09:10.806951+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Chegg cuts 45% of workforce, CEO Schultz departs; Rosensweig returns as CEO, strategic review concludes

## Summary
- Workforce reduction of 388 employees (~45% of global staff); estimated charges of $15M-$19M.
- CEO Nathan Schultz steps down; Dan Rosensweig returns as President and CEO, effective immediately.
- Restructuring expected to reduce 2026 non-GAAP expenses by ~$100-110M; Q3 2025 guidance reaffirmed.
- Strategic review concluded; Chegg will remain a standalone public company; cites $40B+ skilling market.

## SEC filing metadata
- accession: 0001364954-25-000112
- form_type: 8-K
- ticker: CHGG
- cik: 0001364954
- company_name: CHEGG, INC
- filed_at: 2025-10-27T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 2.05, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1364954/000136495425000112/0001364954-25-000112-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1364954/000136495425000112/chgg-20251021.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001364954-25-000112
- JSON: https://secwatch.observer/filing/0001364954-25-000112.json
- Plain text: https://secwatch.observer/filing/0001364954-25-000112.txt

## Source-grounded claims
- claim_id: 83e1e2e5fbfa6eb62793ff18f05dcdaf5800f53e
  claim: CHEGG, INC announced a restructuring with charges of approximately $15 million to $19 million (approximately 388 employees, or about 45% of our current workforce).
  evidence_excerpt: align our cost structure with our newly announced strategic focus relating to our operations on a stand-alone basis. We estimate that we will incur charges of approximately $15 million to $19 million in connection with these actions, primarily consisting of expenditures for employee transition and severance payments, employee benefits and other related costs.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1364954/000136495425000112/0001364954-25-000112-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.