ByteDance to shut some tutoring ops after China clampdown, lays off hundreds: Report
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TikTok owner ByteDance told employees on Thursday it planned to lay off staff in its education business and close some of its tutoring operations, after China imposed sweeping regulations on the sector, two sources with the knowledge of the matter said. 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.