Consumer Discretionary Aug 05, 2021 01:03 PM (GMT+8) · EqualOcean
The "double reduction" was implemented, and a number of education companies set off large-scale layoffs. It is reported that the day after the "double reduction" opinion was issued, Chen Xiangdong, founder and CEO of gaotu group, convened a management meeting and set a layoff target, involving tens of thousands of people. The equivalent of 1 / 3 of the high way will leave. Chen Xiangdong did not respond to the specific number of layoffs, but a large-scale organizational structure adjustment is inevitable. Gaotu has 15 local centers in China, leaving only five headquarters in Shanghai, Zhengzhou, Wuhan, Chengdu, Taiyuan and Beijing.

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