How many employees work at Covance?
Labcorp Drug Development, Inc. has approximately 8,517 total employees worldwide as of December 2025, according to Revelio Labs workforce intelligence data. Covance's total headcount has declined 17.5% from 10,323 employees in 2023 to 8,517 in 2025.
Data source: Revelio LabsCoverage: Global workforce, 2023–2026Published June 2026
Is Covance hiring right now?
No, Covance is not actively hiring. Covance had 0 active job postings in 2025, a 200.0% decline from 2024 — see job openings & hiring trends.
About Covance's Workforce
Covance Labcorp Drug Development, Inc. is a Biotech and Healthcare Services company headquartered in Princeton, New Jersey, founded in 1996. It employs 8,517 people worldwide as of December 2025 and sits as the 6th-largest by headcount among its peers.
Covance's workforce has declined from 2023 to 2025, down 17.5% over that period, and it fell 2.4% year over year in 2025. The headcount reached a low of 8,517 in 2025 Q4 before recovering. The majority of employees are based in the United States (41.6%), with China at 20.9% and the United Kingdom at 9.6%; China is noted as the fastest-growing location.
Covance's largest groups by function are Finance and Operations at 50.3%, Engineering at 29.5%, and Sales and Marketing at 20.2%. The average tenure is 8.6 years. The average salary stands at $65,566, with regional medians of $80,000 in Northern America and $8,000 in Southern Asia.
Covance's hiring activity shows a steep pullback in open roles, with postings down 200.0% in 2025 to 0, and the latest quarter (2025 Q4) posting remaining at 0. Overall sentiment is neutral but moving downward.
Sourced from Revelio Labs workforce data.
As of December 2025
Covance
workforce metrics
Headcount
8.5k
2.4% YoY
Avg. Salary
$65.6k
0.2% YoY
Tenure
8.6yr
0.1yr YoY
Growth Rate
-2.4%
1.9pts YoY
Hiring Rate
Attrition Rate
Unlock hiring rate, attrition rate, and 12 additional workforce metrics for Covance. Compare to peers, export the dataset, and access the full quarterly history.
- Covance had 8,517 employees in 2025, a 2.4% decline (-211) from 2024.
- Covance had 8,728 employees in 2024, a 4.3% decline (-386) from 2023.
- Covance had 9,114 employees in 2023, a 15.7% decline (-1,551) from 2022.
Covance's total workforce has declined from 10,323 employees in 2023 to 8,517 in 2025.
Labcorp Drug Development, Inc. — quarterly employee count (2023–2025)
| Year | Qtr | Employees | YoY Change | YoY % |
|---|---|---|---|---|
| 2025 | Q4 | 8,517 | -211 | -2.4% |
| 2025 | Q3 | 8,564 | -236 | -2.7% |
| 2025 | Q2 | 8,586 | -314 | -3.6% |
| 2025 | Q1 | 8,653 | -333 | -3.8% |
| 2024 | Q4 | 8,728 | -386 | -4.3% |
| 2024 | Q3 | 8,800 | -459 | -5.1% |
| 2024 | Q2 | 8,900 | -572 | -6.2% |
| 2024 | Q1 | 8,986 | -1,337 | -13.8% |
| 2023 | Q4 | 9,114 | -1,551 | -15.7% |
| 2023 | Q3 | 9,259 | -1,803 | -17.8% |
| 2023 | Q2 | 9,472 | -2,394 | -22.4% |
| 2023 | Q1 | 10,323 | -2,436 | -21.1% |
Want to see Covance's complete headcount history back to 2017, including quarterly breakdowns?
The United States accounts for the largest share of Covance's global workforce with approximately 42% of total employees, followed by China and the United Kingdom.
Covance employees by country — 2025
| Country | Employees | % of Total | YoY % |
|---|---|---|---|
| United States | 3,531 | 41.6% | -0.6% |
| China | 1,769 | 20.9% | +0.0% |
| United Kingdom | 814 | 9.6% | -0.9% |
| India | 800 | 9.4% | -2.7% |
| Switzerland | 202 | 2.4% | -0.7% |
| France | 112 | 1.3% | -1.7% |
| Russia | 104 | 1.2% | +0.0% |
| Singapore | 102 | 1.2% | +0.0% |
| Canada | 78 | 0.9% | -7.4% |
| Spain | 69 | 0.8% | +0.0% |
Drill into city-level data, hiring trends by region and historic geographic shifts
Covance's largest employee groups are Finance and Operations (50.3%), Engineering (29.5%), and Sales and Marketing (20.2%).
Covance employees by department — 2025
| Department | Employees | % of Total | YoY % |
|---|---|---|---|
| Finance and Operations | 4,235 | 50.3% | -0.7% |
| Engineering | 2,485 | 29.5% | -0.6% |
| Sales and Marketing | 1,699 | 20.2% | -1.3% |
Compare Covance's department mix to industry peers.
Covance's average employee salary is $65,566 globally. Employees in Northern America receive the highest compensation, with median pay approximately 1.2x the global average. Pay is lowest in Southern Asia, at a median of $8,000.
Covance median employee salary by region — 2025 (USD)
| Region | Median Salary |
|---|---|
| Pacific Islands | $88,000 |
| Northern America | $80,000 |
| Western Europe | $75,000 |
| Central and Western Asia | $73,000 |
| Northern Europe | $63,000 |
| Southern Europe | $46,000 |
| Arab States | $38,000 |
| Eastern Asia | $38,000 |
| South-Eastern Asia | $33,000 |
| Eastern Europe | $28,000 |
| Southern America | $21,000 |
| Central America and the Caribbean | $19,000 |
| Sub-Saharan Africa | $13,000 |
| Southern Asia | $8,000 |
Unlock salary by role, level, and city — and compare to Covance's industry peers.
- Covance had 0 active job postings in 2025, a 200.0% decline (-1) from 2024.
- Covance had 1 active job postings in 2024, a 200.0% increase (+1) from 2023.
- Covance had 0 active job postings in 2023, a 200.0% decline from 2022.
- Hiring velocity in 2025: 0 new roles/month, down from 1 in 2024 and 0 in 2023. New metric
Covance's active job postings fell 200.0% in 2025 to 0.
Track new postings per month, role-level demand, and hiring velocity vs. peers.
Revelio Labs tracks employee sentiment across Covance's workforce based on public professional data. Overall sentiment is neutral and has declined year over year in 2025.
Overall
Unlock the full sentiment breakdown by department, tenure, and trend over time.
Similar Biotech and Healthcare Services Companies by Employee Count
- How fast is Covance growing?
- In 2025, Covance's headcount shrank 2.4% to 8,517 employees, down from 8,728 in 2024.
- Where are Covance employees located?
- Most Covance employees are based in the United States (41.6% of headcount), followed by China and the United Kingdom.
- What is the average salary at Covance?
- The average employee salary at Covance is approximately $65.6k per year.
- How many people does Covance hire per year?
- In 2025, Covance opened roughly 0 new roles — about 0 per month.
- When was Covance founded and where is it headquartered?
- Covance was founded in 1996 and is headquartered in Princeton, New Jersey.
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