5 Biggest Employers in the World

In this piece, we will take a look at the five biggest employers in the world. For more companies, head on over to 20 Biggest Employers in the World.

5. Volkswagen AG (FRA:VOW3.DE)

Number of Full Time Employees: 645,868

Volkswagen AG (FRA:VOW3.DE) is a German automobile giant that is based in Wolfsburg, Germany. The firm was set up in 1937 and it sells all kinds of vehicles such as cars, trucks, buses, and other commercial vehicles. It also lets customers finance its vehicles and provides engines for large machinery. Like other German companies, Volkswagen AG (FRA:VOW3.DE) is also suffering from high gas prices due to Germany’s reliance on Russian gas and the firm believes that if gas from the Nord Stream 1 pipeline does not start flowing, then global car production will be at risk.

4. Accenture plc (NYSE:ACN)

Number of Full Time Employees: 737,719

Accenture plc (NYSE:ACN) is a technology company that provides businesses with a host of different services such as data management, process automation, human resource planning, and business process management.

Accenture plc (NYSE:ACN) is hopeful about employee turnover, as the firm outlined in November 2022 that its attrition rate had dropped to 13% in its first quarter from the 30% in the previous quarter. The firm believes this will improve its bottom line as hiring costs will drop.

58 out of the 920 hedge funds part of Insider Monkey’s Q3 2022 survey had bought Accenture plc (NYSE:ACN)’s shares.

Accenture plc (NYSE:ACN)’s largest investor is Nicolai Tangen’s Ako Capital which owns 1.9 million shares that are worth $500 million.

3. Hon Hai Precision Industry Co., Ltd. (TPE:2317.TW)

Number of Full Time Employees: 826,608

Hon Hai Precision Industry Co., Ltd. (TPE:2317.TW) is one of the largest contract manufacturing companies in the world, that is best known for being Apple’s primary manufacturing partner for the iPhone and other products. While it has a large number of employees, Hon Hai Precision Industry Co., Ltd. (TPE:2317.TW)’s worker riots have often created negative publicity. For instance, the latest bit of protests that took place in November 2022 saw the firm offer its workers $1,400 to quit their jobs at the iPhone manufacturing plant.

2. Amazon.com, Inc. (NASDAQ:AMZN)

Number of Full Time Employees: 1.5 million

Amazon.com, Inc. (NASDAQ:AMZN) is the world’s largest electronic commerce retailer, with cloud computing, consumer technology, and other business divisions as well.

Amazon.com, Inc. (NASDAQ:AMZN) might be another company that becomes the first indicator of results from the Fed’s interest rate hikes earlier this year having an effect on inflation. A leaked document from the company in December 2022 revealed that product prices grew by 6% in 2022, lower than the average U.S. inflation. It also showed that Amazon.com, Inc. (NASDAQ:AMZN) expects inflation to drop to below 3% next year.

Insider Monkey’s September quarter of 2022 survey covering 920 hedge funds revealed that 269 had bought Amazon.com, Inc. (NASDAQ:AMZN)’s shares.

Amazon.com, Inc. (NASDAQ:AMZN)’s largest investor is Ken Fisher’s Fisher Asset Management which owns 49 million shares that are worth $5.6 billion.

1. Walmart Inc. (NYSE:WMT)

Number of Full Time Employees: 2.3 million

Walmart Inc. (NYSE:WMT) is one of the largest supermarket companies in the world. It is headquartered in Bentonville, Arkansas.

Walmart Inc. (NYSE:WMT) provided consumers will some good news just as the holiday season set in as the firm’s CEO revealed in an interview that discretionary merchandise prices were starting to come down just as the festivities started. A key factor for this is a supply glut, and Walmart Inc. (NYSE:WMT) also believes that packaged food prices will be the most stubborn ones for their prices.

68 of the 920 hedge funds polled by Insider Monkey for their Q3 2022 investments had owned a stake in Walmart Inc. (NYSE:WMT).

Ken Fisher’s Fisher Asset Management is Walmart Inc. (NYSE:WMT)’s largest shareholder. It owns 8.1 million shares that are worth $1 billion.

Disclosure: None. You can also take a peek at 20 Companies That Sponsor H1B Visas and Jim Cramer’s 10 Comeback Stocks.

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