New Oriental laid off 60,000 employees and spent nearly 20 billion on tuition refunds! What is the c

New Oriental has always been an Internet celebrity school, and before looking for some celebrities to endorse, many netizens recognized this school on TV. And as this school becomes more and more powerful, most parents send their children to this school, but starting in 2021, New Oriental School.

It seems that there are a lot of problems. Since the beginning of 2021, New Oriental has spent nearly 20 billion in cash, which is used to refund the tuition fees of some students and the severance pay of employees.

In 2021, the principal of New Oriental said that because of too many changes, as well as policy epidemics and international reasons, many businesses have been in an uncertain state. The company's market value is also directly 90%, receivables have decreased by nearly 81%, and nearly 60,000 employees have been laid off.

The current situation of New Oriental is not particularly good, but New Oriental has never done a phenomenon of rolling up and leaving, and the first thing New Oriental did was to place students and employees first. New Oriental's influence in the country is indeed very large, and I didn't expect that the school would be about to close down due to the epidemic, which is indeed sad. When the employee was dismissed, New Oriental also compensated the employee, and I feel that New Oriental's behavior is indeed very correct.

When New Oriental was facing difficulties, it did not choose to deduct its employees, nor did it choose to sell miserably without refunding tuition fees. New Oriental has done all these things very properly, and everyone has also praised New Oriental, thinking that what New Oriental has done is indeed worthy of encouragement. Regarding what New Oriental did, everyone also said that it can also be seen from it that the character of the principal of New Oriental.

New Oriental lays off employees, and the current stock price is **. Enterprise development falls into space. At present, New Oriental is turning to the live broadcast industry, hoping to help enterprises a little.

The current situation of New Oriental is better than before, and the live broadcast of New Oriental is now doing well, and everyone knows it. They've made the transition, and the benefits are still very impressive.

New Oriental is currently scaling back its teaching programs and focusing instead on live streaming and other projects.

But there is no way to do this, because the current epidemic is still difficult to completely control, and the double reduction policy has been implemented. Moreover, many large educational institutions have no longer focused entirely on educating students, but more on propaganda and money. As a result, many educational institutions have been forced to start layoffs, rectifications, or even closures.

As a large-scale educational institution, New Oriental has been restricted from closing these extracurricular training institutions because of the relevant national policies, and then during the epidemic, it has affected many enterprises, and it is currently changing the way of operation, so let's look forward to it.

New Oriental now operates relatively stable, laid off 60,000 employees last year, and has changed its operation model this year and found a new direction of development.

The current situation is very poor, although they are trying to transform, but their income has decreased a lot, and the development of the company is particularly poor.

The situation is not good, they have laid off a lot of employees, their earnings have decreased by 80%, and their development has been greatly restricted.

Due to the relevant restrictions of the current national policy, New Oriental's own extracurricular training has been significantly affected. Therefore, Yu Minhong decided to resign from the 60,000 employees of the extracurricular training department to ensure the follow-up development of New Oriental.

At present, with the implementation and implementation of the national double reduction policy, many off-campus training institutions have been severely hit and affected. As the most influential extracurricular training institution in China, New Oriental. It also had to cut the current main extracurricular training department, and make reasonable dismissals and salaries for its 60,000 employees.

Move on to new business expansions.

One: What's going on here?

Second, the implementation and implementation of the national double reduction policy has a significant impact on New Oriental.

Three: New Oriental's extracurricular training business has been unable to bring new revenue growth to the company.

Due to the implementation of the current national double reduction policy, New Oriental's extracurricular training tasks have been gradually reduced. Continuing to invest in extracurricular training business will not only not bring new revenue growth to the company, but will bring more negative effects to the company. Therefore, for the follow-up development of New Oriental, Yu Minhong had to lay off these extracurricular training employees.

Yu Minhong said that in 2021, New Oriental encountered too many changes, and many businesses were in uncertainty due to policies, epidemics, international relations and other reasons. The company's market value is 90%, revenue has decreased by 80%, 60,000 employees have been dismissed, and cash expenses such as tuition refunds, employee dismissals N+1 (compensation), and lease surrenders of teaching sites have reached nearly 20 billion yuan.

The reason why New Oriental laid off 60,000 employees was because of the impact of the epidemic and the country's "double reduction" policy

Since the "double reduction", almost all off-campus training institutions have begun to try to transform. As the "big brother" in the industry, New Oriental has stepped up its transformation layout outside the field of education. According to industrial and commercial information, in the past three months, New Oriental has successively invested in a number of new companies, involving many fields, including software development, employment intermediaries, food management, Internet information services, fertilizer sales, intelligent robot research and development, educational hardware, etc.

After the implementation of the "double reduction" policy (referring to reducing the burden of homework and off-campus training for students in the compulsory education stage), the offline education and training industry has been greatly impacted, and New Oriental, as a leading enterprise in the old education and training industry, is no exception.

In 2021, New Oriental encountered too many changes, whether it was affected by policies, epidemics, international relations, etc., resulting in a serious market value of the company, and a significant decrease in operating income, in order for New Oriental to better develop, the leaders decided to lay off 60,000 employees.

Because New Oriental has financial difficulties, and the company wants to change careers, and the work attitude of these employees is not very good, but I think the most important point is that this is also a major decision of New Oriental, so New Oriental will resign these employees.

year, New Oriental has encountered too many changes. Regardless of the impact of policies, epidemics, etc., the market has been greatly improved, and the operating income has also shrunk significantly. In order to develop New Oriental, the leaders decided to dismiss 10,000 yuan. Employee.

Affected by the pandemic, but also affected by policies, doing so can reduce expenses and also maintain the normal operation of the company.

New Oriental's 60,000 employees are unemployed, and most of them are elites in the education and training industry. once held an enviably high salary in New Oriental, but suddenly there was a series of rains, which made hope come to naught. Changing careers is a must, and it is not difficult for them to be elite teachers, but today's severe employment situation has brought them many challenges.

These practitioners are mainly divided into two categories, one is not actually teaching, that is, sales and management personnel, their work ability and other industries have a certain degree of mobility, can try to change careers without changing jobs.

The other type is actually teaching, and I think they (and myself) have a lot of ways out, but it's a painful process.

If you do a good job, you can also do it well through the referral of parents and students, although you can't be big and make a lot of money, but you can still have a well-off life. But the competition will definitely be fierce, survival of the fittest.

The teacher establishment is examined, but not everyone is qualified, and now it is basically required to match academic qualifications and majors, and the competition must be fierce.

There is also a certain entry threshold for entering private schools, and there are not many places, and the competition is fierce.

In the civil service examination, some people may not be professional or age-appropriate.

Those with a bachelor's degree can meet the entry threshold of public and private schools through the postgraduate examination, or directly change their major, but it will take three more years of youth, and the age after graduation is not young.

Industries such as food delivery and express delivery, which have a low threshold for entry but are full of talents.

Develop in other directions of education: such as teaching and research, publishing supplementary books, and doing online classes.

Stick to the original intention, still insist on doing education and training, and respond to the call to be a non-profit.

In fact, I personally believe that in the long run, it is really possible for education and training to return to the original intention. Now there is no direct ban on education and training, but winter and summer vacations, statutory holidays and rest days are not allowed to make up classes, directly suppressing education and training from time, and can only be made up in the evening from Monday to Friday, and from Monday to Friday, because there is a lot of homework, few students come out to make up classes. However, in the future, the school's homework will also be strictly restricted, and from Monday to Friday, students will actually have more free time than before, which will also give teaching and training a certain amount of living space, and most of the people who come out to make up classes have actual needs, not for involution.

New Oriental laid off 60,000 employees at the end of last year, and these employees are going to a relatively large number of industries. For example, some employees will continue to work as teachers in the education industry, some employees will work in the private sector, and some employees will change majors to become teachers, so they will work in their original majors or go directly to graduate school or civil servants, so they will also add a lot of labor to the society. Everyone's choice is different, but they should all be supported, after all, in order to maintain their own life.

New Oriental's layoffs do not mean that they are not doing well, but that New Oriental is unable to continue to develop its primary and secondary school learning and education due to the guidance of policies. Moreover, the company's stock price has also been seriously affected, and it is necessary to cut many of its own educational institutions, and also to lay off employees, so as to maintain the normal development of the company. But even so, New Oriental still gives employees the compensation they should give, so compared with other companies, New Oriental has done a good job.

And New Oriental has a large number of employees, and this time there are 60,000 employees laid off, most of whom are teachers. Some teachers will go to private schools or public schools to become teachers immediately after being laid off, some will choose to work in private companies, and of course, most of them choose to stay home and stay in the civil service or graduate school examinations, so as to be able to develop themselves better.

In fact, teaching is a very good profession, and the employment demand in the education industry is also relatively large. However, due to the shrinking demand for education, many people choose to work in other industries. In fact, more private enterprises are needed to promote the creation of jobs, and individuals can also choose to try their own businesses.

New Oriental has done very well as a company, but as an individual, everyone should be prepared for danger in times of peace. Think about whether your current position will have long-term security, and whether you should enhance your competitiveness, so that you can avoid risks in time.

New Oriental is a leader in the education industry, and some of the employees of New Oriental have a higher education background and most of them graduated from the teaching profession, and some of these dismissed employees will continue to stay in the education industry. Or switch careers to other industries.

Most of these employees have become real estate salesmen or other salesmen, some of whom have not yet worked, and are dedicated to preparing for the examination and civil service examinations, and some have entered schools to become teachers.

It has flowed to the Internet, live broadcast, self-employment, schools, translation and other industries, and these employees use their own advantages to re-employ, and most of the job content is still related to language.

These employees are mainly in the teaching industry, from the ** industry, Kuaishou industry, Douyin industry and migrant worker industry, where they go.

Takeaways, many people join in every year. Driving, this is also a popular profession.

It's almost the same as learning and thinking, it's uncomfortable.

Some are on the job, some are laid off

New Oriental is the leader of the teaching industry, New Oriental employees have a senior teaching background, and most of them graduated from the teaching major, some of these dismissed employees will continue to stay in the teaching industry. Or switch to other industries.

New Oriental laid off 60,000 employees and spent nearly 20 billion on tuition refunds, which is embarrassing! It is reported that the reason why New Oriental wants to lay off employees is because the existing revenue simply cannot allow all employees to continue to work in their original positions! New Oriental's revenue has now decreased by 80%, and Yu Minhong is also forced to lay off employees, which is really helpless!

Even if it is a layoff, Yu Minhong has given enough severance expenses to employees in accordance with relevant laws and regulations! It can be said that Yu Minhong is a good boss and an honest person!

Layoffs, coupled with a full refund of the training fees paid by parents, Yu Minhong spent more than 20 billion yuan for these, however, Yu Minhong said that the money should be spent, and he was not distressed! Yu Minhong said that in order to keep the remaining employees, he will lead the employees to go all out to break through, and strive to double the revenue and no longer continue to be at a low level! However, this is easier said than done!

After losing the academic training business, New Oriental is really struggling step by step, and even Yu Minhong personally appeared with teachers to help farmers live broadcast, which shows how serious the crisis of New Oriental is.

Full breakout. It can be said that New Oriental is now making a comprehensive breakthrough, not only developing new agriculture, but also changing its thinking and seeking new development abroad! New Oriental has set its sights on Chinese language training abroad, and now it has a complete idea, and I believe that when the time is ripe, Yu Minhong's overseas training business will develop in full swing! After all, there are countless people overseas who want to learn Chinese, and it is very likely that Yu Minhong will find a surprising development opportunity in this regard.

Difficulties are temporary, I believe that if New Oriental persists, it will always find a reliable way of development! Get out of your own way!

Netizens are hotly discussed. New Oriental dismissed employees and refunded tuition, it seems that the situation is not optimistic! Netizens have said that New Oriental has always been honest with others, and it should be rejuvenated after transformation! However, everything is difficult at the beginning, and New Oriental seems to be constantly wandering on the road of choosing projects!

It's tough! New Oriental laid off 60,000 employees and spent nearly 20 billion on tuition refunds, what do you think about this?