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07/15/2019

Amazon to invest $700M in worker retraining

The company intends to expand its existing training programs and introduce new ones.

Seattle-based Amazon has unveiled plans to retrain a third of its U.S. workforce, approximately 100,000 employees, by 2025 in order to help its employees move into more advanced jobs or find new careers. 

To do this, the company intends to expand its existing training programs and introduce new ones. The training will be voluntary, and most of the programs are free.

These programs will help current Amazon employees “access training to move into highly skilled technical and non- technical roles across the company’s corporate offices, tech hubs, fulfillment centers, retail stores, and transportation network, or pursue career paths outside of Amazon,” the company said in a statement.

This new company initiative is among the biggest corporate retraining initiatives ever announced and will cost the company roughly $7,000 per worker, or $700 million in total.