Investing

America's Ten Largest Employers

10. Bank of America Corporation (NYSE:BAC)

>Workers: 288,000
>Revenue: $134 billion.

Bank of America is one of the largest financial institutions in the world and is the largest bank holding company in the United States.  The firm operates in more than 40 countries and runs about 5,900 retail banking offices.  Running this many branches and serving about 57 million accounts worldwide has made BOA a major employer.

9. PepsiCo, Inc. (NYSE:PEP)

>Workers: 294,000
>Revenue: $58 billion

PepsiCo owns the Quaker Oats, Tropicana, Gatorade, Frito Lay and Pepsi brands. It makes, markets, and sells its products in more than 200 countries.  This global presence accounts for a major share of PepsiCo’s workforce, as it employs just 108,000 of its workforce.  Production, distribution, and even research and development, on which $488 million was spent in 2010, need large numbers of employees.  The need for plant and distribution center workers is the primary reason for the company’s high headcount.

8. Sears Holdings Corporation (Nasdaq: SHLD)

>Workers: 312,000
>Revenue: $43 billion.

Sears Holdings Corporation operates about 3,900 stores.  Although it is the country’s ninth-largest retailer by revenue, many of its stores, such as Sears and Kmart, require more employees than competitive retailers because of their diverse product line-ups.  The company also owns and operates 38 domestic distribution centers and 480 domestic store warehouses.

7. Hewlett-Packard Co. (NYSE:HPQ)

>Workers: 324,000
>Revenue: $126 billion

Hewlett-Packard is the second-largest technology company in the world, with 2010 revenue of $126 billion.  About twice as much revenue came from overseas this past year compared with the US–$81.5 billion compared to $44.5 billion.  The largest portion of HP’s 2010 revenue, just under $35 billion, was from IT services, the great majority of which involves outsourcing service for other large companies.

6. The Kroger Co. (NYSE:KR)

>Employees: 338,000
>Revenue: $82 billion

Kroger is the second largest general retailer in the country, behind Wal-Mart, and the largest grocery store chain.  Unlike most companies on this list, all of Kroger’s operations are domestic.  As of the end of January 2011, the company operated 2,460 supermarkets and multi-department stores, 784 convenience stores and 361 fine jewelry stores.