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Top 10 Largest Companies By Employees 2024
Walmart has approximately 2.1 million employees, making it the largest company in the world in 2024. When it comes to the largest employers in the world, the sheer number of employees employed by these companies is astonishing. These corporations and institutions not only drive the economy but also play a vital role in shaping the global employment landscape. Here is the list of the top 10 largest companies in the world in 2024 by employees.
10. United Parcel Service
Employees: 500,000
Market cap: $126.15 billion
Country: USA
United Parcel Service (UPS) is an American multinational shipping and receiving and supply chain management company founded in 1907. Originally known as an American messenger company specialising in telegraphs. UPS has become a Fortune 500 company and one of the world’s largest shipping couriers.
UPS is the world’s largest courier company by revenue, with annual revenue of approximately US$85 billion in 2020, ahead of competitors DHL and FedEx. In 2024, Compass Group is one of the largest companies in the world in terms of employees.
UPS is known today primarily for its ground shipping services as well as The UPS Store, a retail chain that assists with UPS shipments and provides equipment for small businesses.
UPS offers air shipping on an overnight or two-day basis and delivery to post office boxes through UPS Mail Innovations and UPS SurePost, two services that send packages to the United States Postal Service for last-mile delivery.
See Also: Biggest Companies In The World
09. Compass Group
Employees: 550,000
Market cap: $47.77 billion
Country: UK
Compass Group has a market cap of $47.77 billion. This makes Compass Group the 380th most valuable company in the world by market cap, according to our data. Compass Group is the 9th largest company in the world in 2024 by employees.
Compass Group plc is a British multinational contract food services company headquartered in Chertsey, England. It is Europe’s largest contract food service company, ahead of Sodexo, employing more than 500,000 people. It serves food to locations including offices and factories, schools, universities, hospitals, major sporting and cultural venues, mining camps, correctional facilities and offshore oil platforms.
08. BYD
Employees: 570,100
Market Cap: $71.34 billion
Country: China
The world’s seventh largest, BYD Auto Co., Ltd. is the automotive subsidiary of publicly listed Chinese multinational manufacturing company BYD Company. The company is headquartered in Shenzhen, China and has operations in more than 70 countries around the world.
It manufactures passenger battery electric vehicles and plug-in hybrid electric vehicles, collectively known as new energy vehicles in China. It also makes battery electric buses and trucks. In addition to its core businesses, BYD also has a significant presence in the renewable energy sector and is a major supplier of solar panels and energy storage systems.
07. DHL Group (Deutsche Post)
Employees: 589,184
Market cap: $56.32 billion
Country: Germany
DHL Group (Deutsche Post AG) is a German multinational package delivery and supply chain management company headquartered in Bonn, Germany. It is one of the largest courier companies in the world. The postal department, Deutsche Post, delivers 61 million letters every day in Germany, making it the largest company in Europe.
The parcel division is a wholly owned subsidiary of DHL which claims to be present in over 220 countries and territories. DHL Group is the successor to the German mail authority Deutsche Bundespost, the world’s oldest modern postal service, with its roots in the Middle Ages. The former company became a division of the Deutsche Post European parcel network.
06. Tata Consultancy Services
Employees: 614,795
Market cap: $178.56 billion
Country: India
Tata Consultancy Services, with 614,795 employees, is the 6th largest company in the world by employees, headquartered in Mumbai, India. Tata Consultancy Services has a market cap of $178.56 billion. This makes Tata Consultancy Services the 68th most valuable company in the world by market cap, according to our data.
Tata Consultancy Services Limited (TCS) is an Indian multinational information technology (IT) services and consulting company. It is a part of the Tata Group and operates in 150 locations in 46 countries. TCS is the second largest Indian company by market capitalization, the most valuable IT services brand worldwide and the top Big Tech (India) company.
See Also: Most Valuable Companies In The World
05. Volkswagen
Employees: 650,951
Market Cap: $69.83 billion
Country: Germany
Volkswagen is a German automobile manufacturer headquartered in Wolfsburg, Lower Saxony, Germany. It develops and produces light commercial vehicles such as passenger cars, trucks and buses. Vehicle models include Tiguan, Golf, Jetta, Fiat and more. Volkswagen’s most famous luxury brands are Porsche and Audi.
Volkswagen Group is the largest automotive manufacturer by worldwide sales in 2016 and 2017. The group’s largest market is China, which provides 40 percent of its sales and profits. Its name is derived from the German words Volk and Wagen, which together translate to “people’s car”.
04. Accenture
Employees: 733,000
Market cap: $232.44 billion
Country: Ireland
Accenture plc is a leading Irish-American professional services company headquartered in Dublin. Accenture provides consulting services and solutions to a variety of industries such as healthcare, aerospace, energy, retail, automobile and banking.
Accenture is considered to be the world’s largest consulting firm by number of employees. Accenture announced that it has entered into an agreement to acquire Navisight, a digital transformation and managed services provider, for an undisclosed amount. The acquisition was completed on January 30, 2024.
03. Foxconn (Hon Hai Precision Industry)
Employees: 826,608
Market cap: $45 billion
Country: Taiwan
Hon Hai Precision Industry, commonly known as Foxconn, is a Taiwanese multinational electronics contract manufacturer. It was founded in 1974 with headquarters in Tucheng, New Taipei City, Taiwan. Foxconn will be one of the top 10 largest companies in the world by employees in 2024.
It is the world’s largest contract manufacturer of electronics. Despite being headquartered in Taiwan, the company earns most of its revenue from properties in China and is one of the largest employers worldwide. Terry Gow is the founder and former chairman of the company.
Notable products manufactured by Foxconn include the BlackBerry, iPad, iPhone, iPod, Kindle, all Nintendo gaming systems since the GameCube, Nintendo DS models, Sega models, Nokia devices, Cisco products, Sony devices, Google Pixel.
02. Amazon
Employees: 1,500,000
Market Cap: $1.77 trillion
Country: USA
Amazon is an American multinational technology company that focuses on e-commerce, cloud computing, online advertising, digital streaming, and artificial intelligence. It is considered one of the five largest American technology companies (Google, Apple, Meta, and Microsoft).
Jeff Bezos founded Amazon on July 5, 1994, out of his garage in Bellevue, Washington. It began as an online marketplace for books, but expanded to sell electronics, software, video games, apparel, furniture, food, toys, and jewellery.
The company has several subsidiaries, including cloud computing provider Amazon Web Services, self-driving car division Zoox, satellite internet provider Kuiper Systems, and computer hardware R&D provider Amazon Lab126. Other subsidiaries include Ring, Twitch, IMDb, and Whole Foods Market. Amazon is the second largest company in the world in terms of employees in 2024.
See Also: Largest Retailers In The World
01. Walmart
Employees: 2,100,000
Market Cap: $451 billion
Country: USA
Walmart is the largest company in the world by Employees, with 2.1 million employees, headquartered in Bentonville, Arkansas. Also, Walmart is the largest company in the world by revenue, with annual revenues of approximately US$638.7 billion.
Walmart is an American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores in the United States.
The company was founded by brothers Sam and James “Bud” Walton in 1962 in nearby Rogers, Arkansas and incorporated under Delaware general corporation law on October 31, 1969. It also owns and operates Sam’s Club retail warehouses.
The company operates under the name Walmart in the United States and Canada, under the name Walmart de Mexico y Centroamerica in Mexico and Central America, and under the name Flipkart Wholesale in India. It has wholly owned operations in Chile and a majority stake in MasSmart in South Africa.
