New Oriental Said to Cut 40,000 Jobs and Shut Down Core Busi…

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BEIJING, September 24 (TMTPOST)—When the courses in this fall complete teaching tasks as schedule, New Oriental would stop offline enrollment for tutoring services on subjects in China’s compulsory education system in primary and secondary schools, and cities across the country will gradually shut down offline learning centers for these offerings accordingly, the founder and chairman Yu Minhong announced