Are the subsidiaries of China Mobile laying off employees?
Layoffs. China Mobile's subsidiary will lay off employees, because with the intensification of competition in the communication market, China Mobile needs to maintain its competitive advantage and improve its operational efficiency, so it will lay off employees in some subsidiaries to reduce costs. At the end of 20 18, 20 19, 2020, 202/kloc-0, the total number of employees of China mobile subsidiary was 459,200, 456,200, 454,300 and 446,900 respectively. On the whole, the number of employees showed a steady downward trend, with a decrease of 1.23 million in three and a half years. The total number of employees is decreasing every year, and the total salary of employees is increasing by about 15% every year. A reduction and an increase will naturally increase the average salary level of employees. Therefore, China Mobile's subsidiary will lay off employees.