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 by employees 2024.
United Parcel Service (UPS) is an American multinational shipping and receiving and supply chain management company founded in 1907. Originally known as the American Messenger Company, specializing 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 revenues of approximately US$90 billion in 2020, ahead of competitors DHL and FedEx. Compass Group is also one of the world’s largest companies by employees in 2024.
UPS today is primarily known 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.
Compass Group has a market cap of $48 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 by employees in 2024.
Additionally, Compass Group plc is a British multinational contract food service company headquartered in Chertsey, England. It is Europe’s largest contract food service company ahead of Sodexo, employing over 500,000 people.
Also, 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 – 570,100
Employees: 570,100
Market Cap: $95 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 over 70 countries worldwide.
In addition, it manufactures passenger battery electric vehicles and plug-in hybrid electric vehicles, collectively known as new energy vehicles in China. It also manufactures battery electric buses and trucks.
Also, apart from its core businesses, BYD also has a significant presence in the renewable energy sector and is a leading supplier of solar panels and energy storage systems. BYD is projected to be the world’s eighth largest company by employees in 2024.
07. DHL Group – 589,184
Image: Group.dhl.com
Employees: 589,184
Market cap: $47 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 world’s largest courier companies. The postal division, Deutsche Post, delivers 61 million letters every day in Germany, making it the largest company in Europe.
In addition, the parcel division DHL is a wholly owned subsidiary that claims to have a presence in more than 220 countries and territories. DHL Group is the successor to the German mail authority Deutsche Bundespost, the world’s oldest modern postal service with roots dating back to the Middle Ages.
Also, the former company became a division of the Deutsche Post European Parcel Network. DHL employs 589,184 people, making it the seventh largest company in the world by number of employees.
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 $165 billion. This makes Tata Consultancy Services the 68th most valuable company in the world by market cap according to our data.
In addition, 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 across 46 countries.
Also, TCS is the second largest Indian company by market capitalization, the most valuable IT services brand worldwide, and the top Big Tech (India) company.
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 the Tiguan, Golf, Jetta, Passat, and more. Volkswagen’s most well-known luxury brands are Porsche and Audi.
In addition, the Volkswagen Group is the largest automotive manufacturer by worldwide sales in 2016 and 2017. The group’s largest market is in China, which provides 40 percent of its sales and profits.
Also, its name is derived from the German words Volk and Wagen, which together translate to “people’s car.” Volkswagen is one of the world’s largest companies by employees in 2024.
04. Accenture – 742,000
Employees: 742,000
Market cap: $193 billion
Country: Ireland
Accenture PLC is a leading Irish-American professional services company headquartered in Dublin. The company provides consulting services and solutions to a variety of industries such as healthcare, aerospace, energy, retail, automobile, and banking.
Accenture is considered the world’s largest consulting firm by number of employees. Accenture announced that it has entered into an agreement to acquire Navisite, a digital transformation and managed services provider, for an undisclosed amount. The acquisition was completed on January 30, 2024.
Accenture announced that it will acquire technology services provider CLIMB. This will help accelerate its application and infrastructure modernization services to achieve digital transformation for financial institutions and government agencies.
Hon Hai Precision Industry Co., Ltd. (Foxconn) is a Taiwanese multinational electronics contract manufacturer. It was founded in 1974 with headquarters in Tucheng, New Taipei City, Taiwan. Foxconn is expected to be one of the world’s largest companies 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 assets in China and is one of the largest employers worldwide. Terry Gou is the company’s founder and former chairman.
Notable products manufactured by Foxconn include the BlackBerry, iPad, iPhone, iPod, Kindle, all Nintendo gaming systems since GameCube, Nintendo DS models, Sega models, Nokia devices, Cisco products, Sony devices, Google Pixel.
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 Big Five American technology companies (Google, Apple, Meta, and Microsoft).
Jeff Bezos founded Amazon on July 5, 1994, from 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 jewelry.
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.
Also, other subsidiaries include Ring, Twitch, IMDb, and Whole Foods Market. Amazon is one of the largest companies by employees in 2024.
With 2.1 million employees, Walmart is the largest company in the world by employees, headquartered in Bentonville, Arkansas. Also, Walmart is the world’s largest company by revenue, with revenues estimated at approximately US$648 billion in 2024.
Also, 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 the 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, Walmart de México y Centroamérica in Mexico and Central America, and Flipkart Wholesale in India. It has wholly owned operations in Chile and a majority stake in Massmart in South Africa.
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