ByteDance to lay off staff, shut down businesses following crackdown on tutoring in China – sources

BEIJING, Aug.5 (Reuters) – TikTok owner ByteDance told his employees on Thursday that he plans to fire teachers, salespeople and advertisers in his education business after China imposed sweeping regulations on the private lessons sector, said two sources.

ByteDance will also shut down its program-focused preschool and k12 tutoring businesses in China to comply with the regulations, according to one of the sources and a third source.

ByteDance did not offer immediate comment.

Reporting by Yingzhi Yang, Binbin Huang, Cheng Leng, Brenda Goh; edited by Jason Neely

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