Letzte Aktualisierung: January 11, 2022
New Oriental lays off tens of thousands
China's education sector is under pressure at the beginning of the year. The largest provider of private tutoring has dismissed tens of thousands of employees over the weekend. The founder and chairman of New Oriental Education announced on WeChat that his company had to announce a total of 60,000 layoffs. Profits fell by 80 percent last year, Yu Minhong wrote further.