Chegg stock jumps on restructuring plans, job cuts

) are trading higher Tuesday after the company unveiled a workforce reduction as part of a broader restructuring initiative. The educational technology firm has announced that it will reduce its global headcount by 23%.Shares of check surging after the company announced plans to slash 23% of its global workforce in a bigger we structure move for the firm those shares of 15% up over 19%.Earlier in the day, Y finances Josh for joining us now with more Josh, this is a huge boon for this company.

Is it going to be reinvested back into the company to help with the A. I efforts that check has been building out?Because we know the revenue growth has simply been slowing since the launch of CG BT.He's pointing out that revenue fell 7% in 2023.Just simply that the growth engines of this company have not fully been clicking since the launch of CCPT and other A. I solutions that students are going to to find freeways rather than paying CAG to use their A i solutions.

So I also think they have a tough line to walk there, just really showcasing as to why some of their investments in a I are going to pay off and why it's going to position the company in a better light than they are right now.It's always important to talk about who the actual consumer is of the A.

MALVERN, Pa., June 18, 2024 -- Vishay Intertechnology, Inc. today announced that the company has received a 2023 Supply Chain Excellence Award from Continental Automotive Co., Ltd, the R&D and production site of Continental AG, a Fortune 500 company, in Changchun. The award recognizes Vishay’s outstanding contributions to Continental Automotive , in particular its fast response times and high quality service, with the flexibility to adapt to urCommunity Financial System, Inc.

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S&P/TSX composite ekes out gain Tuesday, U.S. stock markets climb higherTORONTO — Canada's main stock index eked out a gain Tuesday, while U.S. markets also rose. The S&P/TSX composite index closed up 2.79 points at 22,468.16. In New York, the Nasdaq and the S&P 500 both posted new closing records Tuesday.
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