ByteDance to lay off staff, close businesses over China tutoring clampdown
The Hindu
The move comes after China imposed sweeping regulations on the private-tutoring sector.
TikTok owner ByteDance told employees on Thursday that it planned to lay off teachers, sales and advertising employees in its education business after , two sources said. (Subscribe to our Today's Cache newsletter for a quick snapshot of top 5 tech stories. Click to subscribe for free.) ByteDance will also shut down its curriculum-focused preschool and k12 tutoring businesses in China to be compliant with the regulations, according to one of the sources and a third source.
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