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Company Directory - New Oriental Education & Technology Group Inc.

Company Details - New Oriental Education & Technology Group Inc.

New Oriental Education & Technology Group Inc. Logo

New Oriental Education & Technology Group Inc.

Website

Beijing, China

NYSE: EDU 

New Oriental Education & Technology Group Inc. is a leading provider of educational services and products in China, offering a diverse range of programs including test preparation, language training, overseas study consulting, and innovative online education solutions.

CCI Score

CCI Score: New Oriental Education & Technology Group Inc.

-38.76

0.02%

Latest Event

Mass Layoffs at New Oriental Amid Education Policy Clampdown

New Oriental Education & Technology Group drastically reduced its workforce by firing 60,000 employees following a government education reform that slashed fees and altered profit models. This move has raised significant concerns regarding labor rights and the company's treatment of its employees.

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TOADIE

New Oriental Education & Technology Group Inc. is currently rated as a Toadie.

-30 to -44 CCI Score
Companies scoring in this range actively seek to please authoritarian regimes. They offer proactive support and assistance in exchange for preferential treatment, compromising ethical standards for business gains and political favor.

Latest Events

  • Mass Layoffs at New Oriental Amid Education Policy Clampdown Logo
    JAN
    10
    2022

    New Oriental Education & Technology Group drastically reduced its workforce by firing 60,000 employees following a government education reform that slashed fees and altered profit models. This move has raised significant concerns regarding labor rights and the company's treatment of its employees.

  • -50

    Labor Relations and Human Rights Practices

    March 24

    The mass dismissal of 60,000 staff represents a severe blow to worker security and highlights problematic labor practices. Even though the layoffs were triggered by a government intervention, the company's drastic workforce reduction undermines fair labor standards and signals a troubling disregard for employee welfare under extreme pressure from authoritarian policy shifts.

    New Oriental Fired 60,000 Staff After Education Clampdown, CEO Says

  • Mass Layoffs amid Beijing's Education Crackdown Logo
    DEC
    31
    2021

    New Oriental Education & Technology Group laid off 60,000 employees in 2021 as a result of Beijing's sweeping regulatory crackdown on the private tutoring sector, raising serious concerns over labor relations and the treatment of workers.

  • -70

    Labor Relations and Human Rights Practices

    March 24

    The report of New Oriental laying off 60,000 employees points to a significant disruption in labor relations. This mass layoff, driven by the political and regulatory crackdown on for‐profit tutoring, not only devastates employee livelihoods but also reflects a broader neglect of worker rights. From an anti‑fascist perspective, such drastic cost‐cutting measures contribute to economic instability and heighten worker vulnerability, thus earning a negative score.

    New Oriental Education laid off 60,000 people after Beijing’s crackdown last year

  • Mass Layoffs Amid Government Crackdown Impact Worker Rights Logo
    AUG
    10
    2021

    New Oriental Education & Technology Group Inc. laid off 60,000 employees in 2021 following a government crackdown on private tutoring, significantly reducing its workforce and raising concerns around labor rights and worker welfare.

  • -40

    Labor Relations and Human Rights Practices

    March 24

    The decision to lay off 60,000 employees, even if driven by a government policy crackdown on private tutoring, has inflicted severe harm on worker welfare and reflects poorly on New Oriental's labor relations practices. The mass layoffs exacerbate economic insecurity and undermine worker rights, aligning with broader concerns over corporate complicity in exacerbating hardships for vulnerable groups.

    A China education firm laid off 60,000 people last year following a government policy crackdown

  • Mass Layoffs Reflect Poor Labor Practices Amid Regulatory Crackdown Logo
    JUL
    01
    2021

    In 2021, New Oriental Education & Technology Group Inc. dismissed 60,000 employees following a government-led overhaul of after-school tutoring, raising serious concerns about its labor relations and ethical responsibility towards its workforce.

  • -60

    Business Practices and Ethical Responsibility

    March 24

    The mass layoffs, forced by regulatory changes, resulted in 60,000 employees being dismissed. While the policy changes imposed by the state contributed to the situation, New Oriental's handling of the situation—with inadequate measures to safeguard worker well-being and mitigate financial distress—raises significant concerns about its commitment to ethical business practices and labor rights.

    EdTech Firm Fires 60,000 in Worst Cuts Since China Crackdown

Industries

611310
Colleges, Universities, and Professional Schools
611420
Computer Training
611430
Professional and Management Development Training
611691
Exam Preparation and Tutoring