ByteDance to close some tutoring ops after clampdown - sources

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ByteDance to close some tutoring ops after clampdown - sources
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ByteDance plans to lay off teachers, sales and advertising employees in its education business after China's clampdown.

FILE PHOTO: FILE PHOTO: Man walks by a logo of Bytedance, which owns short video app TikTok, at its office in Beijing

China last month issued rules barring curriculum-based tutoring for profit, aiming to ease financial pressures on families that have contributed to low birth rates. The move triggered massive falls in the shares of Chinese private education firms.

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