Amazon Now Has Twice as Many Employees as Apple

But gets a quarter the bang for the buck.

Amazon has been on a hiring spree lately, as illustrated by today’s updated chart from Jan Dawson of Jackdaw Research:

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America’s largest retailer online or off—it surpassed Walmart (wmt) last year—now employs nearly 240,000 people. That’s twice Apple’s (aapl) headcount and nearly four times Google’s (googl).

Much of the hiring Amazon does, of course, is of a very different nature than the rest of the U.S. tech giants.

“Amazon is the only one of these companies that has a significant portion of its employees in very low-skill jobs with commensurately low wages,” writes Dawson. “So it can afford to generate under half a million dollars per employee on average annually.”

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Apple also engages the labor of large numbers of relatively low-wage workers, both in its retail operations and in the factories that assemble its products. But the lowest-paid workers in the company’s supply chain are employed by subcontractors, which is how Apple is able to generate, at least on paper, nearly $2 million per employee.

Dawson’s post was published behind the Techpinions paywall. You can read it for 50 cents or subscribe to the full feed for $10 per month.

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