Macro

2020 Roundup: A Look At The Winners And Losers Of The Year

What a year it’s been! 2020 created enormous upheavals to workforces around the world. Many companies experienced large layoffs and furloughs. Others experienced unprecedented growth. But as the year comes to a close, we’ve wondered, who are the top winners and losers of 2020?

Revelio Labs

12/29/20

What a year it’s been! 2020 created enormous upheavals to workforces around the world. Many companies experienced large layoffs and furloughs. Others experienced unprecedented growth. But as the year comes to a close, we’ve wondered, who are the top winners and losers of 2020?

We first begin by taking a look at the companies that have grown or reduced their workforce:

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Facebook has grown its workforce the most in 2020, and digging a level deeper, it appears engineering roles have grown the fastest at 46%.

Groupon, by contrast, has seen the largest workforce decline. While they have actually been losing talent since 2012, the daily deals site has seen a huge decrease in 2020 as buyers have stayed indoors.

Here are the cities in the US that have grown the most and the least:

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In a generally down year, Austin saw the largest growth in their workforce, concentrated in engineering and finance roles. Boulder lost the most in marketing and scientist positions.

We also take a look at the companies that have moved the most toward and away from diversity in their workforce, specifically in the US:

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Defined as the deviation from the overall population, Axa has improved their representativeness the most this past year, growing their Black and Hispanic workforce to match the overall population.

Takeaways:

  • Companies offering remote services have seen tremendous growth in 2020, whereas travel and entertainment have suffered huge losses.
  • Many cities have been shrinking in 2020, but some have been able to eke out small victories, mostly due to an influx of jobs that can be done remotely.
  • The companies that have changed their diversity distribution the most are companies that have grown or reduced their workforce the most, stressing that big disruptions provide an opportunity for rebalancing.

If you have any ideas of other metrics to track or would like to hear more, please feel free to reach out.

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