There and many ways to determine the biggest employers in the world- revenue, number of employees, and market cap being the main criteria. Walmart is the largest employer in the first two categories while Apple steals the spot for the third. The rest of the list varies depending on the criteria implied. This article presents the list of the 15 largest employers in the world in 2023 in terms of employees that they have hired.
15 Largest Employers In The World 2023
The table below presents a list of the 15 largest employers in the world in 2023 along with their headquarters, number of employees, and year of foundation.
|Company||No. of employees||Headquarter||Year of foundation|
|Walmart Inc.||2.3 million||Bentonville, Arkansas, US||1962|
|Amazon.com, Inc.||1.5 million||Seattle, Washington, US||1994|
|Hon Hai Precision Industry Co., Ltd.||826,608||Tucheng, New Taipei City, Taiwan||1974|
|Accenture plc||737,719||Dublin, Ireland||1989|
|Volkswagen AG||645,868||Wolfsburg, Lower Saxony, Germany||1937|
|Tata Consultancy Services Limited||616,171||Mumbai, Maharashtra, India||1968|
|Deutsche Post AG||590,000||Bonn, Germany||1995|
|United Parcel Service, Inc.||500,000||Atlanta, Georgia, US||1907|
|The Kroger Co.||500,000||Cincinnati, Ohio, US||1883|
|The Home Depot, Inc.||500,000||Atlanta, Georgia, US||1978|
|Compass Group plc||480,000||Chertsey, England, United Kingdom||1941|
|Public Joint Stock Company Gazprom||468,000||Saint Petersburg, Russia||1989|
|Agricultural Bank of China Limited||455,174||Beijing, China||1979|
|Target Corporation||450,000||Minneapolis, Minnesota, US||1902|
|China Mobile Limited||449,934||Beijing, China||1997|
World’s 15 Largest Employers In 2023
Find below some more interesting details about the 15 largest employers in the world in 2023.
1. Walmart Inc.
Walmart Inc. is a chain of department stores, grocery stores, and hypermarkets in the United States. The company has more than 10,000 stores in 24 different countries under 46 different names. Walmart is the largest company in the world by revenue, with an annual revenue of around $570 billion.
2. Amazon.com, Inc.
Amazon.com, Inc. is a multinational technology company that focuses on e-commerce, cloud computing, digital streaming, etc. It is one of the Big Five American technology companies and one of the largest companies in the world in terms of the number of employees. Amazon is also the world’s largest online retailer and marketplace by revenue and market share.
3. Hon Hai Precision Industry Co., Ltd.
Hon Hai Precision Industry Co., Ltd., known internationally as Foxconn, is a technology manufacturer and service provider company. The company manufactures electronic products for major American, Japanese, Chinese, Canadian, and Finnish companies. Its notable clients include Blackberry, Apple, Nokia, Sony, Google, Cisco, Nintendo, and more.
4. Accenture plc
Accenture plc is an information technology services and consulting company and the largest consulting firm in the world by number of employees. It is also a Fortune Global 500 company with revenues of $61.6 billion. The company started as the business and technology consulting division of the accounting firm Arthur Andersen and became an independent entity in 1989.
5. Volkswagen AG
Volkswagen AG is a German multinational automotive manufacturer that designs passenger vehicles, commercial vehicles, engines, and turbomachinery. From 2016 to 2019, it was the world’s largest automaker by sales. The company sells cars under the popular brands Bentley, Lamborghini, Audi, Porsche, SEAT, Škoda, etc.
6. Tata Consultancy Services Limited
Based in India, Tata Consultancy Services is a consulting and information technology services company. Not just one of the largest employers, TCS is also the second-largest Indian company by market capitalization. It was also the first Indian IT tech company to reach a market capitalization of US$200 billion.
7. Deutsche Post AG
Deutsche Post AG, also known as DHL Group, is a multinational package delivery and supply chain management company. With an average delivery of over 60 million letters in Germany, it is the only company all over Europe to do so. The DHL Express division of the company offers worldwide courier, express, and parcel shipment services.
8. United Parcel Service, Inc.
Originally known as the American Messenger Company, the United Parcel Service is a multinational shipping & receiving and supply chain management company. UPS is one of the world’s largest shipping couriers and also the largest courier company in the world by revenue. It is also one of the largest employers in the world in 2023.
9. The Kroger Co.
The Kroger Company is a retail company having multi-department stores and supermarkets all over the US. It is also the largest supermarket operator by revenue and the fifth-largest general retailer. The company was established around 140 years ago by Bernard Kroger using his whole life savings of $372.
10. The Home Depot, Inc.
The Home Depot, Inc., or simply Home Depot, is the largest home improvement retailer in the United States. Other than the US, the company also operates in Canada and Mexico. Established in the year 1978, it is the sixth largest United States–based employer globally.
11. Compass Group plc
Compass Group plc is the largest contract food service company in Europe serving meals in offices, schools, universities, hospitals, cultural venues, correctional facilities, etc. The company is included in the list of Fortune Global 500 companies. Established in 1941, Compass Group has its headquarters in Chertsey, England.
12. Public Joint Stock Company Gazprom
PJSC Gazprom is the first Russian company to be included in the list of largest employers in 2023. It is also Russia’s largest company by revenue and the largest publicly listed natural gas company in the world. In the wake of the Russia-Ukraine war, the company is delisted from international markets.
13. Agricultural Bank of China Limited
Also known as AgBank, the Agricultural Bank of China (ABC) is one of the “Big Four” banks in China. Formed in 1951, the company was abolished several times since the establishment of the People’s Republic of China. Finally, after many mergers, the company as it is now was founded in 1979.
14. Target Corporation
Target Corporation is the seventh-largest retailer and one of the largest American-owned private employers in the United States. Due to the low prices and discount offers on quality products, the company started gaining popularity all over the country.
15. China Mobile Limited
China Mobile Limited is a mobile voice and multimedia service provider company based in China. In terms of subscribers, it is the largest mobile network operator in the world. Other than China, the company operates under different brand names in Pakistan, the United Kingdom, Singapore, and Hong Kong.
Frequently Asked Questions
It’s Walmart again.