Rosensweig ΓÇÖ83 Discusses COVID-19 Impact on Education Sector
5 June 2020 Rosensweig 83 Discusses COVID-19 Impact on Education Sector
As institutions have been forced to adapt to remote teaching and learning due to the COVID-19 pandemic, Daniel L. Rosensweig 83, president and CEO of Chegg and former HWS Trustee, has shared insights and observations from his position as a leader in digital education services.
A recent Fortune article highlights Rosensweigs work with state education systems facing unprecedented challenges, members of Congress who want to help forlorn students, and indebted former college students who find themselves among the tens of millions of newly unemployed Americans.
Meanwhile, as Cheggs positive earnings reports from the first quarter of 2020 arrived, Rosensweig discussed the impact of the pandemic on the company and the higher education sector on CNBCs Mad Money with Jim Cramer.
In a world of technology, things ought to be able to be cheaper, more personalized, more relevant, and add more things and respond instantly. Its one of the great things about our business model, Rosensweig explainedlastmonth. As a result of that, we should be able to provide more value to each person individually and collectively.
In an appearance on Yahoo! Finance, he discussed the homework, tutoring, internship, scholarship and job skills training services Chegg offers, and the uptick in user activity the company has seen during the past few months. He explained that with the economic impact of the pandemic on all levels of the education sector, there will be more people learning more things online, and needing more online support.
Looking toward the increased demand for knowledge and skills among young people around the world, Rosensweig said Cheggs goal is to be the ubiquitous platform that supports your ability to understand, master and learn.
Since taking the helm of Chegg in 2010, Rosensweig has re-envisioned the company, transforming what was a textbook rental service into a digital hub that offers college students everything from textbooks and homework help, to eTextbook readers and room dcor at a discount. Under Rosensweigs leadership, Cheggs acquisitions include Zinch, Cramster, Notehall and Student of Fortune. Today, the company enables students to share notes with classmates, download study guides from professors, and contribute to Q and A forums offering homework help.
Learn more aboutRosensweig and his Life of Consequence here.