China’s top education companies lay off thousands since 2021 tutoring crackdown

China’s top education companies lay off thousands since 2021 tutoring crackdown

Photo by note thanun on Unsplash.

Some of China’s biggest listed education companies have slashed their workforce by more than 80% over the past three years as they continue to struggle to recover from a 2021 government crackdown that dealt a heavy blow to the once lucrative after-school tutoring industry.