People said ChatGPT would kill
Chegg
Homework help · NYSE: CHGG
Why people said itChatGPT could answer students' homework questions too, so analysts asked whether students would stop paying for Chegg's homework help.
Badly hurtRevenue down 40% year on yearNovember 2026
What was claimed ·
ChatGPT could theoretically eat into its subscriber base if its answers prove to be as accurate and helpful as Chegg's.Business Insider (via Yahoo Finance UK)
ChatGPT could take subscribers from Chegg’s paid homework-help service.
Who else said it
- Chegg plunges 23% as it shrugs off the threat of ChatGPT after giving disappointing 2023 outlook · Business Insider (via Yahoo Finance UK) · Secondary source
- Chegg stock gets rocked as execs downplay AI attack led by ChatGPT · Yahoo Finance · Secondary source
What happened
Chegg is still trading and operating. Revenue fell 30% and 36% year on year in the first two quarters of 2025 and was still 40% lower in Q3 2026, and in October 2025 the company announced cutting about 45% of its workforce.
Total net revenues fell 30% year on year in Q1 2025 ($121.4 million) and 36% in Q2 2025 ($105.1 million), per Chegg’s earnings releases.
- Chegg Reports 2025 First Quarter Earnings (Form 8-K, Exhibit 99.01) · Chegg, Inc. (SEC filing) · Primary source
- Chegg Reports 2025 Second Quarter Earnings (Form 8-K, Exhibit 99.01) · Chegg, Inc. (SEC filing) · Primary source
Chegg announced a restructuring expected to affect about 388 employees, about 45% of its workforce.
- Chegg, Inc. Form 8-K (restructuring) · Chegg, Inc. (SEC filing) · Primary source
Q3 2026 total net revenues were $46.5 million, down 40% year on year; Chegg remained listed on the NYSE.
- Chegg Reports Third Quarter 2026 Earnings (Form 8-K, Exhibit 99.1) · Chegg, Inc. (SEC filing) · Primary source
The verdict describes what happened to the product. It does not claim the AI release caused it. Last checked 11 November 2026. How verdicts are decided.