MADRID (Reuters) - Carlo Ancelotti will become Brazil manager after leaving Real Madrid at the end of the season, the Brazilian FA (CBF) said on Monday.
A message reading"AI artificial intelligence", a keyboard, and robot hands are seen in this illustration taken January 27, 2025. REUTERS/Dado Ruvic/Illustration
The company, an online education firm that offers textbook rentals, homework help and tutoring, has been grappling with a decline in web traffic for months and warned that the trend would likely worsen before improving. As part of the restructuring announced on Monday, Chegg will also shut its U.S. and Canada offices by the end of the year and aim to reduce its marketing, product development efforts and general and administrative expenses.
Chegg expects cost savings of between $45 and $55 million in 2025 and $100 to $110 million in 2026 due to the restructuring.
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