What is the reason for the closure of Oriental Youbo, a subsidiary of New Oriental?

What is the purpose of Oriental Youbo, a subsidiary of New Oriental, to close this platform? He is a platform for online classes, because before, New Oriental mainly did online education. So he focuses on the field of K 12, but he doesn't just do online education. After class, this educational model will have some brands, such as Oriental Youbo, which will naturally close down.

This brand has been closed, because offline education is not easy to do now, and you can maintain the operation of online education in a low-cost way, which means you can't make as much money as before, at least he is hungry now. Because a teacher can teach hundreds or thousands of people in a class online, when there are too many people offline, students will report that the class is too big, students can't learn anything, and they can't hear what the teacher is saying clearly, which is definitely not acceptable. Therefore, the online cost can be controlled, and naturally it can be barely operated, but not offline.

Due to the limited scale of offline education, there is naturally no way for one employee to teach many students when recruiting employees. Therefore, in this case, it is impossible to control the cost of enrollment, and because of the epidemic, offline training has been greatly affected, and enrollment is not easy. Now the new policy requires these extracurricular training courses to gradually withdraw, and the process of online education is naturally worse. To make matters worse, it is naturally difficult to do it when it appears, because these will become the burden of the group's operation. Instead of letting this burden exist, let it disappear directly.

At present, many teachers under this brand have been paid N+ 1, that is, how many years you have worked in this enterprise, and this number of years is n, and then one is the company's training this month. For example, if you work for three years, you can get four months' salary compensation, that is, dismissal. Good communication with students and parents is also gradually going on, because it is expected that the refund of local students will be gradually carried out according to law.