Chinese education firm lays off
WebJan 10, 2024 · Chinese education firm lays off 60,000, Intel removes Xinjiang reference, Djokovic to stay in Australia, 2024 Golden Globes winners. January 10, 2024, 7:58 AM. WebJul 30, 2024 · The upheaval for engineers and teachers at US-listed Gaotu comes after regulators launched a sweeping clampdown on China’s $100bn education industry at the weekend. Companies can no longer make ...
Chinese education firm lays off
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WebJul 26, 2024 · New York-listed stocks for Chinese education companies have also cratered. TAL Education (TAL) crashed some 70% in the United States on Friday, losing more than $9 billion. Gaotu dropped more than ... WebJan 10, 2024 · According to its creator, China’s New Oriental laid off 60,000 employees and saw its operating income plummet by 80% when Beijing imposed new sweeping laws on …
WebJan 12, 2024 · One of China's biggest providers of private educational services laid off 60,000 people last year, its founder said, following a crackdown on private tutoring. Yu …
WebAug 24, 2024 · On July 24, Chinese authorities introduced a sweeping new set of guidelines, dubbed as a “double reduction” policy, to ease the burden of excessive homework and off-campus tutoring for students undergoing compulsory education. The policy, interpreted as China’s crackdown on the private tutoring industry, has plunged … WebAug 5, 2024 · At the end of July, China’s State Council issued the “Opinions on Further Reducing the Burden of Student’s Homework and Off-campus Training in Compulsory Education”. On August 3, the Education Leading Group of the Beijing Municipal Committee held a meeting, proposing to limit the number of educational institutions, along with their ...
WebThe sector has already started to see lay-offs. Last Tuesday, in a virtual meeting with more than 9,000 staff members, Zhang Xinbang, the co-founder and chairman of US-listed education services firm TAL Education, said it was “unavoidable” for the company to lay off some employees, according to one who was at the meeting.
WebApr 11, 2024 · The firm’s Cloud & Smart Industries Business and Platform and Content Group took the biggest hit. Twitter-like microblogging service Weibo, one of the biggest … current available nfl kickers november 6 2016WebJul 12, 2024 · Not everyone has been devastated by being laid off. Among China’s white-collar tech workers, discontent had been on the rise for years. In 2024, some tech … current average cd interest ratesWebAug 3, 2024 · Data mining and analysis platform iiMedia Research estimated that China’s online education market grew by about 10 per cent to 454 billion yuan (US$70.25 billion) … current average amount of student loan debtWebJan 10, 2024 · China's New Oriental laid off 60,000 employees after education crackdown Prior to the new rules, the private tutoring firm had employed 1,05,200 staff including 54,200 teachers, according to its ... current average cost for movie ticketWebAug 13, 2024 · ByteDance, the owner of TikTok, reportedly laid off hundreds of employees in its online education business, an area that it had seen as a new growth engine, on top of its core business of video ... current average business loan interest rateWebApr 5, 2024 · 10% of lawyers and staff members laid off at Silicon Valley-based law firm. Silicon Valley-based law firm Gunderson Dettmer Stough Villeneuve Franklin & Hachigian said in an internal memo Tuesday ... current average fixed mortgage ratesWebMar 31, 2024 · Ed-tech firms have also been forced to shut down or shrink sharply. New Oriental Education, China’s largest private tutoring firm, laid off 60,000 employees last … current average electricity price per unit