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China's edtech major New Oriental Education & Technology Group's Founder Yu Minhong revealed that the company fired 60,000 employees and saw its revenue fall 80% in 2021. He cited factors like China's crackdown on the after-school education sector, the COVID-19 pandemic and China's international relations for the move. "Much of our business remains in a state of uncertainty," he said.
short by Pragya Swastik / 04:11 pm on 10 Jan
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