Chinese EdTech Giant Laid Off 60,000 After State Crackdown, Says Founder

China’s New Oriental dismissed 60,000 employees and saw operating income plunge by 80 percent after Beijing enforced new sweeping rules on the country’s private education industry that barred for-profit tutoring last year, according to its founder.…

This data comes from the ChinaPulse.com media intelligence and smart news insights monitoring platform.

Chinese EdTech Giant Laid Off 60,000 After State Crackdown, Says Founder

China’s New Oriental dismissed 60,000 employees and saw operating income plunge by 80 percent after Beijing enforced new sweeping rules on the country’s private education industry that barred for-profit tutoring last year, according to its founder.…

This data comes from the ChinaPulse.com media intelligence and smart news insights monitoring platform.