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Amazon and Chegg Layoffs Signal Tech Sector Turbulence Amid AI Disruption

Amazon and Chegg Layoffs Signal Tech Sector Turbulence Amid AI Disruption

Author:

Global Cryptocurrency

Published:

2025-10-28 09:31:02

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The tech industry faces a seismic shift as Amazon and Chegg announce sweeping workforce reductions. Chegg's 45% cut—affecting 388 employees—marks its second major layoff this year, driven by collapsing search traffic and existential pressure from AI tools like ChatGPT. CEO Dan Rosensweig returns abruptly to steer the embattled education platform through this transformation.

Meanwhile, Amazon prepares to eliminate up to 30,000 corporate roles starting Tuesday, amplifying sector-wide instability. These parallel cuts underscore how rapidly artificial intelligence is reshaping labor markets, with legacy firms scrambling to adapt to what Chegg bluntly calls "new realities."

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