Chinese Edtech firm Zuoyebang started a mass layoff on Monday, as learned from several insiders. This round of layoffs is a big move after the suspension of its U.S. IPO.

Interviews are currently being conducted according to departments, "Some departments are leaving almost no one behind."

Inside the company, many people have heard the news of layoffs last week, and there are a lot of internal discussions.

Someone said, "Many of us have recently started looking for jobs, and if quickly, some of us are waiting for offers."

One insider revealed that almost all of the employees in his department had been laid off.