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And those students who have enrolled are taking fewer and less rigorous classes and are receiving less graded assignments.
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A combination of variants, increased employment opportunities and compensation along with the fatigue have all led to significantly fewer enrollments than expected this semester. This industry-wide dynamic was unanticipated and it's direct result of the COVID-19 pandemic. Answer (1 of 21): I think I am qualified enough to answer this question because I have been doing it for a complete semester now and I am probably going to pass with flying colors. "In late September, it became clear to us that the education industry is experiencing a slowdown that we believe is temporary. Shares of the online learning portal crashed by nearly 50% by early afternoon trading as executives warned the surging labor market is pressuring demand for educational services. The selling may be overdone, but it doesn't mean Chegg investors will be exiting Tuesday's session feeling good about themselves. Our view is that this is overdone," said Jefferies analyst Brent Thill on Yahoo Finance Live. So what I would say is that this company has historically been extremely consistent, is very well-run and is helping the world achieve the mission from learning to earning. "We don't really see moves like this in our coverage. Chegg shares have just been slaughtered following an alarming earnings call, raising the question of what to do next if one is an investor.