Apple named America's WORST employer – with Amazon, Tesla also on list
Rotten Apple! iPhone maker is named America’s WORST employer based on how long workers last before quitting – with Amazon, Meta and Tesla also high on the list
- Resume builder platform Resume.io looked into the LinkedIn data of the top 100 market companies in the U.S.
- They found that Apple, Amazon, Tesla and Meta are among the country’s worst workplaces when it comes to employee retention
- Many of America’s most successful companies like Goldman Sachs and Mastercard also found themselves among the top 20
Apple has been named the country’s worst employer by a new study, with Amazon, Meta and Tesla not far behind.
Resume builder platform Resume.io looked into the LinkedIn data of the top 100 market companies in the U.S. to find which workplaces have the best and worst employee retention rates.
Many of America’s most successful companies like Tesla, Goldman Sachs and Mastercard all found themselves among the top 20 worst employers according to talent retention.
The study found that tech companies have the shortest retention rates, with Amazon and Meta tied for second place, behind Apple, and Tesla and Netflix not too far behind.
It’s worth noting that tech employees, particularly engineers, have in the past hopped jobs frequently because it helped them significantly increase their salary.
But that has changed in recent years, with mass layoffs prompting many tech workers to sit tight instead.
Resume builder platform Resume.io looked into the LinkedIn data of the top 100 market companies in the U.S. to find which have the best and worst employee retention rates
Coming in first place is the world’s most valuable company, Apple, worth over $3trillion under CEO Tim Cook
Steve Jobs’ brainchild has a median employee tenure of just 1.7 years on average
1. APPLE – 1.7 YEARS
Coming in first place is the world’s most valuable company, Apple, worth over $3trillion under CEO Tim Cook.
Steve Jobs’ brainchild has a median employee tenure of just 1.7 years on average.
Inc reported in 2022 that the iPhone maker’s plan to keep staff from moving to Meta was backfiring. The Palo-Alto-based company offered stock bonuses to their best engineers ranging from $50,000 to $180,000.
But that did not stop employees from leaving, as many were upset by wat they saw as unequal treatment.
According to Inc: ‘Instead, people are refusing to stay at Apple following such a glaring illustration of the company’s inequities, as well as the general insensitivity within its environment.’
Apple, headquartered in Cupertino, California, has about 164,000 employees.
2. AMAZON AND META – 1.8 YEARS
Online retail giant Amazon, and Meta, which owns Facebook, Instagram, and WhatsApp, came in second-worst, with a median employee retention of 1.8 years.
Amazon, worth over $1trillion, has long faced backlash over its alleged poor treatment of employees, particularly its warehouse and delivery staff.
Back in May, hundreds of employees at the company’s Seattle headquarters walked out to protest layoffs and a mandate to return to the office. There were also concerns among the tech company’s climate commitments among the workers.
Amazon’s workforce, an impressive 1,541,000, doubled over the pandemic under CEO Andy Jassy, as part of a hiring surge across almost the entire tech sector, but it then said it had overhired.
The company’s head of human resources then rejected a petition from more than 30,000 employees who had asked for a reconsideration of the return-to-office mandate.
It meant workers would have to work on site at least three days a week and those who lived in different cities and states would have to pack up, sell their homes and relocate.
Meta, valued at $804billion, has also been dealing with employee dissatisfaction in recent months over post-pandemic layoffs. The company, based in Menlo Park, California, has about 86,482 employees.
In March, CEO Mark Zuckerberg took ‘anonymous’ questions from various employees during a meeting, including one from a worker who asked how employees could ‘trust leadership decisions after two rounds of layoffs.’
The layoffs come after Zuckerberg had previously warned Meta employees that 2023 would be a ‘year of efficiency.’ They are part of a wider strategy to make the company more ‘efficient and lean’.
‘Leaner is better. Since we reduced our workforce last year, one surprising result is that many things have gone faster. In retrospect, I underestimated the indirect costs of lower priority projects,’ he said.
3. ELEVANCE HEALTH – 1.9 YEARS
The health insurance provider, worth $110billion, is based in Indiana and is the only company in the top four that is not a technology business.
It has about 102,300 employees under CEO Gail Koziara Boudreaux.
Reviews on Glassdoor repeatedly mention the high turnover rate.
One anonymous reviewer claimed: ‘Poor upper management skills lead to high turnover.
‘Rather than hire in advance in preparation for peak volumes, they hire help once existing help is exhausted.
‘As a result, people just quit.’
4. TESLA – 2 YEARS
Tesla CEO Elon Musk is a notoriously demanding boss.
The automaker’s chief has also told employees that remote work is no longer acceptable.
In a leaked email sent to workers last year, Musk wrote that any executive staff who wish to work remotely must be in the office for a minimum of 40 hours per week ‘or depart Tesla’.
He added that the requirement for executive staff to work at least 40 hours in the office is ‘less than we ask of factory workers’.
Musk has previously hit out against remote working policies and blasted Americans for ‘trying to avoid going to work at all’ and compared them to staff in China who stay at the factory ‘burning the 3am oil’.
Tesla, valued at $818billion, recently moved its headquarters from California to Austin, Texas, and has about 127,855 employees.
5. AMD AND SERVICENOW – 2.3 YEARS
Advanced Micro Devices, Inc., a semiconductor company valued at $182million is based in Santa Barbara, California, and has about 25,000 full-time employees led by CEO Lisa Sue.
It is tied in fifth place for the worst employee retention in the country with software developer ServiceNow, Inc.
ServiceNow, based in Santa Clara, has a market value of about $114billion and just over 20,000 employees. Its CEO is businessman Bill McDermott.
6. SALESFORCE AND NEXT ERA ENERGY – 2.8 YEARS
Salesforce is another software company based in San Francisco on the list. It’s valued at $222billion and has nearly 80,000 employees.
Last year, CEO and founder Benioff laid into employees hired during the pandemic – claiming they were less productive. He even questioned if new employee were finding the work and environment at the company ‘too overwhelming’ as he tried to address the lack of productivity.
Salesforce came in sixth place, tied with Next Era Energy, an energy company worth 149billion and based in Florida with about 4,900 employees throughout the US and Canada.
7. S&P GLOBAL AND TJX – 2.9 YEARS
Investment data firm S&P Global came in seventh place with and department store corporation TJX, which owns T.J. Maxx, Marshalls and HomeGoods.
S&P Global, based in New York City, is worth $137billion and has nearly 40,000 employees led by CEO Douglas L. Peterson.
TJX, on its part, is based in Massachusetts and has an impressive 270,000 employees. Its CEO is Ernie Herrman.
8. GOLDMAN SACHS – 3 YEARS
The investment bank, led by CEO David M. Solomon, is only one of two financial institutions to make the top 10. Based in Manhattan, it has 48,500 and a market value of $118billion.
9. ABBOTT, VERTEX AND NETFLIX – 3.1 YEARS
Abbott is a medical devices and health care company headquartered in Abbott Park, Illinois. Its CEO is Robert B. Ford and it has about 115,000 employees and a market value of 197billion.
Vertex Pharmaceuticals also came in ninth place. Worth $90billion, it is based in Cambridge, MA, and led by CEO Reshma Kewalramani and employs about 1,100 people.
Netflix, on its part, is also based in California and worth $186billion. It has about 12,800 employees and its current CEOs are Greg Peters and Ted Sarandos.
10. NVIDIA AND MASTERCARD – 3.2 YEARS
Multinational technology company based in California NVIDIA rounds up the list with MasterCard.
NVIDIA became one of few companies to hit a $1trillion market capitalization this year. The company is led by founder Jensen Huang and has about 26,196 employees.
Mastercard, based in New York state, is valued at 376.70billion and has about 29,900 employees under CEO Michael Miebach.
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