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Chinese EdTech Giant New Oriental Laid Off 60,000 Staff After China’s Education Crackdown, Says Founder | Technology News

Chinese EdTech Giant New Oriental Laid Off 60,000 Staff After China’s Education Crackdown, Says Founder Chinese EdTech company New Oriental fired 60,000 employees and saw its 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.

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