Year in Review: Fortune 500 Companies That Added the Most New Jobs in 2020
Job growth has been in a downward trajectory over recent months, according to the Bureau of Labor Statistics, as an economic recovery that had picked up over the summer is losing momentum going into the fall amid rising coronaviruses cases. Of the 638,000 jobs that were added in the U.S. in October, dominant sectors included leisure and hospitality, retail trade, healthcare and social assistance, as well as professional and business services.
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Among Fortune 500 companies, many have added significant numbers of jobs in 2020, compared to 2019. Technology companies, couriers like FedEx and UPS, and discount retailers are among those hiring the most this year. In perhaps another notable sign of the times, a manufacturer of plastic packaging and protective medical solutions had the highest percentage growth year over year, landing at No. 5 on this list.
GOBankingRates analyzed 2019 and 2020 data on Fortune 500 companies to identify those that have added the highest numbers of jobs to their payrolls. Take a closer look at who is hiring.
Last updated: Dec. 21, 2020
50. Wayfair
Current number of employees: 16,985
2019 employees: 12,124
New jobs: 4,861
Percentage change: 40.09%
Revenue ($M): $9,127.10
Revenue percentage change: 34.60%
Profits ($M): -$984.60
Profits percentage change: N/A
Market value — as of March 31 ($M): $5,043
Change in Fortune 500 rank: 98
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49. Genuine Parts
Current number of employees: 55,000
2019 employees: 50,000
New jobs: 5,000
Percentage change: 10.00%
Revenue ($M): $19,392.30
Revenue percentage change: 3.50%
Profits ($M): $621.10
Profits percentage change: -23.40%
Market value — as of March 31 ($M): $9,789
Change in Fortune 500 rank: -2
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48. Northrop Grumman
Current number of employees: 90,000
2019 employees: 85,000
New jobs: 5,000
Percentage change: 5.88%
Revenue ($M): $33,841.00
Revenue percentage change: 12.40%
Profits ($M): $2,248.00
Profits percentage change: -30.40%
Market value — as of March 31 ($M): $50,719
Change in Fortune 500 rank: 12
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47. Publix Super Markets
Current number of employees: 207,000
2019 employees: 202,000
New jobs: 5,000
Percentage change: 2.48%
Revenue ($M): $38,462.80
Revenue percentage change: 5.70%
Profits ($M): $3,005.40
Profits percentage change: 26.20%
Market value — as of March 31 ($M): N/A
Change in Fortune 500 rank: 4
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46. Lockheed Martin
Current number of employees: 110,000
2019 employees: 105,000
New jobs: 5,000
Percentage change: 4.76%
Revenue ($M): $59,812.00
Revenue percentage change: 11.30%
Profits ($M): $6,230.00
Profits percentage change: 23.50%
Market value — as of March 31 ($M): $95,539
Change in Fortune 500 rank: 3
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45. Procter & Gamble
Current number of employees: 97,000
2019 employees: 92,000
New jobs: 5,000
Percentage change: 5.43%
Revenue ($M): $67,684
Revenue percentage change: 1.30%
Profits ($M): $3,897.00
Profits percentage change: -60.00%
Market value — as of March 31 ($M): $271,640
Change in Fortune 500 rank: -5
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44. Apple
Current number of employees: 137,000
2019 employees: 132,000
New jobs: 5,000
Percentage change: 3.79%
Revenue ($M): $260,174.00
Revenue percentage change: -2.00%
Profits ($M): $55,256.00
Profits percentage change: -7.20%
Market value — as of March 31 ($M): $1,112,641
Change in Fortune 500 rank: -1
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43. Dollar Tree
Current number of employees: 125,000
2019 employees: 119,650
New jobs: 5,350
Percentage change: 4.47%
Revenue ($M): $23,610.80
Revenue percentage change: 3.50%
Profits ($M): $827.00
Profits percentage change: N/A
Market value — as of March 31 ($M): $17,399
Change in Fortune 500 rank: 4
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42. Dana
Current number of employees: 36,300
2019 employees: 30,900
New jobs: 5,400
Percentage change: 17.48%
Revenue ($M): $8,620.00
Revenue percentage change: 5.90%
Profits ($M): $226.00
Profits percentage change: -47.10%
Market value — as of March 31 ($M): $1,128
Change in Fortune 500 rank: 6
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41. Conagra Brands
Current number of employees: 18,000
2019 employees: 12,400
New jobs: 5,600
Percentage change: 45.16%
Revenue ($M): $9,538.40
Revenue percentage change: 20.20%
Profits ($M): $678.30
Profits percentage change: -16.10%
Market value — as of March 31 ($M): $14,291
Change in Fortune 500 rank: 52
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40. Thermo Fisher Scientific
Current number of employees: 75,000
2019 employees: 69,200
New jobs: 5,800
Percentage change: 8.38%
Revenue ($M): $25,542.00
Revenue percentage change: 4.90%
Profits ($M): $3,696.00
Profits percentage change: 25.80%
Market value — as of March 31 ($M): $113,108
Change in Fortune 500 rank: 5
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39. VF
Current number of employees: 75,000
2019 employees: 69,000
New jobs: 6,000
Percentage change: 8.70%
Revenue ($M): $13,870.60
Revenue percentage change: 7.80%
Profits ($M): $1,259.80
Profits percentage change: 91.30%
Market value — as of March 31 ($M): $21,347
Change in Fortune 500 rank: 19
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38. WestRock
Current number of employees: 51,100
2019 employees: 45,100
New jobs: 6,000
Percentage change: 13.30%
Revenue ($M): $18,289.00
Revenue percentage change: 12.30%
Profits ($M): $862.90
Profits percentage change: -54.70%
Market value — as of March 31 ($M): $7,304
Change in Fortune 500 rank: 13
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37. Comcast
Current number of employees: 190,000
2019 employees: 184,000
New jobs: 6,000
Percentage change: 3.26%
Revenue ($M): $108,942.00
Revenue percentage change: 15.30%
Profits ($M): $13,057.00
Profits percentage change: 11.30%
Market value — as of March 31 ($M): $156,533
Change in Fortune 500 rank: 4
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36. Aramark
Current number of employees: 233,400
2019 employees: 227,200
New jobs: 6,200
Percentage change: 2.73%
Revenue ($M): $16,227.30
Revenue percentage change: 2.80%
Profits ($M): $448.50
Profits percentage change: -21.00%
Market value — as of March 31 ($M): $5,038
Change in Fortune 500 rank: -2
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35. CenterPoint Energy
Current number of employees: 14,262
2019 employees: 7,977
New jobs: 6,285
Percentage change: 78.79%
Revenue ($M): $12,301.00
Revenue percentage change: 16.20%
Profits ($M): $791.00
Profits percentage change: 114.90%
Market value — as of March 31 ($M): $7,765
Change in Fortune 500 rank: 39
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34. Archer Daniels Midland
Current number of employees: 38,100
2019 employees: 31,600
New jobs: 6,500
Percentage change: 20.57%
Revenue ($M): $64,656.00
Revenue percentage change: 0.50%
Profits ($M): $1,379.00
Profits percentage change: -23.80%
Market value — as of March 31 ($M): $19,603
Change in Fortune 500 rank: -5
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33. Anthem
Current number of employees: 70,600
2019 employees: 63,900
New jobs: 6,700
Percentage change: 10.49%
Revenue ($M): $104,213.00
Revenue percentage change: 13.10%
Profits ($M): $4,807.00
Profits percentage change: 28.20%
Market value — as of March 31 ($M): $57,245
Change in Fortune 500 rank: 4
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32. Costco Wholesale
Current number of employees: 201,500
2019 employees: 194,000
New jobs: 7,500
Percentage change: 3.87%
Revenue ($M): $152,703.00
Revenue percentage change: 7.90%
Profits ($M): $3,659.00
Profits percentage change: 16.80%
Market value — as of March 31 ($M): $125,908
Change in Fortune 500 rank: N/A
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31. Sherwin-Williams
Current number of employees: 61,111
2019 employees: 53,368
New jobs: 7,743
Percentage change: 14.51%
Revenue ($M): $17,900.80
Revenue percentage change: 2.10%
Profits ($M): $1,541.30
Profits percentage change: 39.00%
Market value — as of March 31 ($M): $42,186
Change in Fortune 500 rank: -3
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30. Fidelity National Information Service
Current number of employees: 55,000
2019 employees: 47,000
New jobs: 8,000
Percentage change: 17.02%
Revenue ($M): $10,333.00
Revenue percentage change: 22.70%
Profits ($M): $298.00
Profits percentage change: -64.80%
Market value — as of March 31 ($M): $74,969
Change in Fortune 500 rank: 58
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29. Dollar General
Current number of employees: 143,000
2019 employees: 135,000
New jobs: 8,000
Percentage change: 5.93%
Revenue ($M): $27,754.00
Revenue percentage change: 8.30%
Profits ($M): $1,712.60
Profits percentage change: 7.70%
Market value — as of March 31 ($M): $38,046
Change in Fortune 500 rank: 7
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28. Target
Current number of employees: 368,000
2019 employees: 360,000
New jobs: 8,000
Percentage change: 2.22%
Revenue ($M): $78,112.00
Revenue percentage change: 3.70%
Profits ($M): $3,281.00
Profits percentage change: 11.70%
Market value — as of March 31 ($M): $46,574
Change in Fortune 500 rank: 2
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27. Dell Technologies
Current number of employees: 165,000
2019 employees: 157,000
New jobs: 8,000
Percentage change: 5.10%
Revenue ($M): $92,154.00
Revenue percentage change: 1.70%
Profits ($M): $4,616.00
Profits percentage change: N/A
Market value — as of March 31 ($M): $29,246
Change in Fortune 500 rank: N/A
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26. Boeing
Current number of employees: 161,100
2019 employees: 153,000
New jobs: 8,100
Percentage change: 5.29%
Revenue ($M): $76,559.000
Revenue percentage change: -24.30%
Profits ($M): -$636.00
Profits percentage change: -106.10%
Market value — as of March 31 ($M): $84,149
Change in Fortune 500 rank: -12
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25. IQVIA Holdings
Current number of employees: 67,000
2019 employees: 58,000
New jobs: 9,000
Percentage change: 15.52%
Revenue ($M): $11,088.00
Revenue percentage change: 6.50%
Profits ($M): $191.00
Profits percentage change: -26.30%
Market value — as of March 31 ($M): $20,797
Change in Fortune 500 rank: 15
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24. Synnex
Current number of employees: 240,900
2019 employees: 231,600
New jobs: 9,300
Percentage change: 4.02%
Revenue ($M): $23,757.30
Revenue percentage change: 18.50%
Profits ($M): $500.70
Profits percentage change: 66.60%
Market value — as of March 31 ($M): $3,719
Change in Fortune 500 rank: 28
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23. Centene
Current number of employees: 56,600
2019 employees: 47,300
New jobs: 9,300
Percentage change: 19.66%
Revenue ($M): $74,639.00
Revenue percentage change: 24.20%
Profits ($M): $1,321.00
Profits percentage change: 46.80%
Market value — as of March 31 ($M): $34,862
Change in Fortune 500 rank: 9
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22. Facebook
Current number of employees: 44,942
2019 employees: 35,587
New jobs: 9,355
Percentage change: 26.29%
Revenue ($M): $70,697.00
Revenue percentage change: 26.60%
Profits ($M): $18,485.00
Profits percentage change: -16.40%
Market value — as of March 31 ($M): $475,455
Change in Fortune 500 rank: 11
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21. Westinghouse Air Brake
Current number of employees: 27,500
2019 employees: 18,000
New jobs: 9,500
Percentage change: 52.78%
Revenue ($M): $8,200.00
Revenue percentage change: 87.90%
Profits ($M): $326.70
Profits percentage change: 10.80%
Market value — as of March 31 ($M): $9,227
Change in Fortune 500 rank: N/A
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20. CommScope Holding
Current number of employees: 30,000
2019 employees: 20,000
New jobs: 10,000
Percentage change: 50.00%
Revenue ($M): $8,345.10
Revenue percentage change: 82.70%
Profits ($M): -$929.50
Profits percentage change: -762.90%
Market value — as of March 31 ($M): $1,779
Change in Fortune 500 rank: N/A
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19. Marsh & McLennan
Current number of employees: 76,000
2019 employees: 66,000
New jobs: 10,000
Percentage change: 15.15%
Revenue ($M): $16,652.00
Revenue percentage change: 11.40%
Profits ($M): $1,742.00
Profits percentage change: 5.60%
Market value — as of March 31 ($M): $43,567
Change in Fortune 500 rank: 15
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18. CBRE Group
Current number of employees: 100,000
2019 employees: 90,000
New jobs: 10,000
Percentage change: 11.11%
Revenue ($M): $23,894.10
Revenue percentage change: 12.00%
Profits ($M): $1,282.40
Profits percentage change: 20.60%
Market value — as of March 31 ($M): $12,625
Change in Fortune 500 rank: 18
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17. Cognizant Technology Solutions
Current number of employees: 292,500
2019 employees: 281,600
New jobs: 10,900
Percentage change: 3.87%
Revenue ($M): $16,783.00
Revenue percentage change: 4.10%
Profits ($M): $1,842.00
Profits percentage change: -12.30%
Market value — as of March 31 ($M): $25,495
Change in Fortune 500 rank: -1
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16. Microsoft
Current number of employees: 144,000
2019 employees: 131,000
New jobs: 13,000
Percentage change: 9.92%
Revenue ($M): $125,843.00
Revenue percentage change: 14.00%
Profits ($M): $39,240.00
Profits percentage change: 136.80%
Market value — as of March 31 ($M): $1,199,550
Change in Fortune 500 rank: 5
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15. UPS
Current number of employees: 377,640
2019 employees: 364,575
New jobs: 13,065
Percentage change: 3.58%
Revenue ($M): $74,094.00
Revenue percentage change: 3.10%
Profits ($M): $4,440.00
Profits percentage change: -7.30%
Market value — as of March 31 ($M): $80,196
Change in Fortune 500 rank: -2
In addition to the workers UPS has already hired to keep up with coronavirus-related online shopping, the shipping company reportedly plans to hire 100,000 more employees for the 2020 holiday season.
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14. Salesforce
Current number of employees: 49,000
2019 employees: 35,000
New jobs: 14,000
Percentage change: 40.00%
Revenue ($M): $17,098.00
Revenue percentage change: 28.70%
Profits ($M): $126.00
Profits percentage change: -88.60%
Market value — as of March 31 ($M): $128,862
Change in Fortune 500 rank: 50
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13. Lowe’s
Current number of employees: 260,000
2019 employees: 245,000
New jobs: 15,000
Percentage change: 6.12%
Revenue ($M): $72,148.00
Revenue percentage change: 1.20%
Profits ($M): $4,281.00
Profits percentage change: 85.00%
Market value — as of March 31 ($M): $64,963
Change in Fortune 500 rank: -2
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12. TJX
Current number of employees: 286,000
2019 employees: 270,000
New jobs: 16,000
Percentage change: 5.93%
Revenue ($M): $41,717.00
Revenue percentage change: 7.00%
Profits ($M): $3,272.20
Profits percentage change: 6.90%
Market value — as of March 31 ($M): $57,262
Change in Fortune 500 rank: 5
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Photo: TJ Maxx is a subsidiary of TJX.
11. HCA Healthcare
Current number of employees: 245,000
2019 employees: 229,000
New jobs: 16,000
Percentage change: 6.99%
Revenue ($M): $51,336.00
Revenue percentage change: 10.00%
Profits ($M): $3,505.00
Profits percentage change: -7.40%
Market value — as of March 31 ($M): $30,411
Change in Fortune 500 rank: 2
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10. Fiserv
Current number of employees: 44,000
2019 employees: 24,000
New jobs: 20,000
Percentage change: 83.33%
Revenue ($M): $10,187.00
Revenue percentage change: 74.90%
Profits ($M): $893.00
Profits percentage change: -24.80%
Market value — as of March 31 ($M): $64,508
Change in Fortune 500 rank: 177
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9. Tyson Foods
Current number of employees: 141,000
2019 employees: 121,000
New jobs: 20,000
Percentage change: 16.53%
Revenue ($M): $42,405.00
Revenue percentage change: 5.9%
Profits ($M): $2,022.00
Profits percentage change: -33.10%
Market value — as of March 31 ($M): $21,125
Change in Fortune 500 rank: 1
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8. Alphabet
Current number of employees: 118,899
2019 employees: 98,771
New jobs: 20,128
Percentage change: 20.38%
Revenue ($M): $161,857
Revenue percentage change: 18.30%
Profits ($M): $34,343.00
Profits percentage change: 11.70%
Market value — as of March 31 ($M): $798,905
Change in Fortune 500 rank: 4
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7. Walt Disney
Current number of employees: 223,000
2019 employees: 201,000
New jobs: 22,000
Percentage change: 10.95%
Revenue ($M): $69,570.00
Revenue percentage change: 17.10%
Profits ($M): $11,054.00
Profits percentage change: -12.30%
Market value — as of March 31 ($M): $174,405
Change in Fortune 500 rank: 4
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6. Coca-Cola
Current number of employees: 86,200
2019 employees: 62,600
New jobs: 23,600
Percentage change: 37.70%
Revenue ($M): $37,266.00
Revenue percentage change: 17.00%
Profits ($M): $8,920.00
Profits percentage change: 38.60%
Market value — as of March 31 ($M): $189,983
Change in Fortune 500 rank: 12
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5. Berry Global Group
Current number of employees: 48,000
2019 employees: 24,000
New jobs: 24,000
Percentage change: 100.00%
Revenue ($M): $8,878.00
Revenue percentage change: 12.80%
Profits ($M): $404.00
Profits percentage change: -18.50%
Market value — as of March 31 ($M): $4,463
Change in Fortune 500 rank: 31
This global manufacturer of plastic packaging products, which also makes protective medical gear, is headquartered in Indiana and has more than 290 facilities across the globe.
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4. UnitedHealth Group
Current number of employees: 325,000
2019 employees: 300,000
New jobs: 25,000
Percentage change: 8.33%
Revenue ($M): $242,155.00
Revenue percentage change: 7.00%
Profits ($M): $13,839.00
Profits percentage change: 15.50%
Market value — as of March 31 ($M): $236,555
Change in Fortune 500 rank: -1
The largest health insurance provider in the U.S., with its Optum brand providing health services such as ambulatory and pharmacy care. The company launched an expansive COVID-19 response this year, and while voluntary (nonemergency) care services were used less earlier in the year, the company reports that such services have moved closer to pre-pandemic levels in the third quarter.
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3. FedEx
Current number of employees: 389,500
2019 employees: 359,000
New jobs: 30,500
Percentage change: 8.50%
Revenue ($M): $69,693.00
Revenue percentage change: 6.50%
Profits ($M): $540.00
Profits percentage change: -88.20%
Market value — as of March 31 ($M): $31,679
Change in Fortune 500 rank: N/A
Demand for delivery services has surged as coronavirus concerns have prompted consumers to do more of their shopping online. FedEx is expanding the availability of Sunday service to 95% of the population and plans to hire an additional 70,000 seasonal workers to keep up with holiday demand.
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2. Starbucks
Current number of employees: 346,000
2019 employees: 291,000
New jobs: 55,000
Percentage change: 18.90%
Revenue ($M): $26,508.60
Revenue percentage change: 7.20%
Profits ($M): $3,599.20
Profits percentage change: -20.30%
Market value — as of March 31 ($M): $77,179
Change in Fortune 500 rank: 7
Starbucks has shown its agility in adapting to changing consumer habits, accelerating the expansion of its drive-thru and pickup store models, increasing digital customer engagement and enticing customers into food purchases with expanded menu items. Still, it has been a rough year of uncertainty for many of its employees, who have faced reduced hours, unpaid leave and layoffs amid temporary store closures.
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1. Amazon.com
Current number of employees: 798,000
2019 employees: 647,500
New jobs: 150,500
Percentage change: 23.24%
Revenue ($M): $280,522.00
Revenue percentage change: 20.50%
Profits ($M): $11,588.00
Profits percentage change: 15.00%
Market value — as of March 31 ($M): $970,680
Change in Fortune 500 rank: 3
Amazon announced in March that it would add 100,000 full- and part-time positions in its fulfillment centers and delivery network to meet unprecedented demand in online shopping, and invited those who had lost jobs in areas like hospitality and restaurants to apply. More recent statements have indicated additional surges in hiring, focusing not just on its hourly workforce, but with heavy investment in corporate and tech positions as its cloud computing, devices and entertainment divisions continue to thrive.
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Methodology: To find the Fortune 500 companies that have added the most new jobs this year, GOBankingRates first looked at all 288 2020 Fortune 500 companies with positive growth in jobs. Then, using 2020 and 2019 Fortune 500 data, GOBankingRates found the (1) total number of employees each company has in 2020, (2) the total number of employees each company had in 2019, (3) the total number of new jobs added between 2019 and 2020, and (4) the percent by which the company’s total employee base has grown. Companies were then ranked on factor (3). Information on each company’s 2020 revenue, revenue percent change between 2019 and 2020, 2020 profits, percent change in profits between 2019 and 2020, March 31, 2020, market value, and change in Fortune 500 rank between 2019 and 2020 were provided as supplemental information. All data was collected on and up to date as of Oct. 12, 2020.
This article originally appeared on GOBankingRates.com: Year in Review: Fortune 500 Companies That Added the Most New Jobs in 2020
