Now children neither need heavy books nor have to sit near the tutor for hours for studies. Just pick up mobile, ask AI tool like chatgpt and get immediate answers. The biggest impact of this change is now visible on the job.
America’s education company Chegg has recently shown the way out to 248 employees. This company provides facilities like online study help, tutorials and textbook rental, but now children have started using AI tools instead of all these, which has reduced the need for chegg.
According to the company, this trimming is about 22% of their total employees. Chegg says that she is now reducing her expenses and is bringing changes in the direction of the company, so that she can keep herself hinged in this new era.
Why is Chegg work decreasing?
In the first quarter of 2024, his subscribers have fallen 31% and now only 3.2 million students are connected to it. Not only this, earnings have also fallen by 30%.
AI getting free and fast answers
Nowadays, students are using AI tools like Chatgpt directly to ask questions, which answers in seconds. That too absolutely free. Due to this, services of companies like Chegg are now being used less.
Apart from this, platforms like Google are also now showing direct answers made from AI in search results, due to which less people are reaching Chegg website. Troubled by this, Chegg has also sued Google.
Office will also be closed, expenses cut
Chegg has also said that it will close its offices in America and Canada by the end of 2024. Also, the company will reduce the expenditure in marketing, product development and other departments.
With this, the company is expected to save about $ 45- $ 55 million in 2025 and $ 110 million by 2026. However, the company will also have to bear the cost of $ 34-$ 38 million due to retrenchment and change.
Will AI take more jobs?
What happened to Chegg is just a beginning. The faster the technology is changing, the faster the companies have to change themselves, and those who will not be able to change, they will have to remove such employees.
The increasing use of AI in the field of education is clearly showing that in the coming time, the way of jobs, method of education and earnings- everything is going to change.