Zhitong Financial APP learned that on May 17th$New Oriental Education & Technology Group-S (09901.HK) $Chairman Yu Minhong said on his official account "Lao Yu gossip" that due to the control of the epidemic, all the company's ground business basically stopped and moved to the line as far as possible, and asked the company to cut expenditure quickly while striving to open source.

Yu Minhong said on the official account: "the control of the epidemic has a great impact on New Oriental Education & Technology Group's business." All ground operations are basically stopped, those that can be moved online can be moved online, and those that cannot be moved online can only be refunded or delayed. A new round of pressure comes suddenly. The situation, which has been basically stable after six months of adjustment, needs to be adjusted again. The reduction in income means that we can only continue to reduce expenditure and further reduce human resources costs. "

In addition, Yu Minhong also said: "on Monday, I held a meeting of management cadres, asking everyone to quickly cut expenditure while making efforts to open source, otherwise it will not last long, New Oriental Education & Technology Group may be finished." Although I said to myself again and again, don't worry, the difficulties will pass, but when I think of specific things, my anxiety rises, and I often have to rely on sleeping pills to put myself to sleep. No matter how difficult it is, we still have to work hard to solve our own problems and try not to cause chaos to the country. "