Amazon Will Spend $700M To Retrain Third Of Its Workforce

By on July 18, 2019

July 18, 2019

In the face of the tightest labor market in decades and persistent criticism over working conditions for its low-wage workers, Amazon has announced a plan to retrain a third of its U.S. workforce by 2025, at a cost of about $700 million. The programs will help workers “move into highly skilled technical and non- technical roles,” the company said, and most of the training will be free. Components include an “Amazon Technical Academy” to train software engineers; “Associate2Tech,” a program to train fulfillment center employees for more technically complex jobs; and Amazon Career Choice, also apparently geared to fulfillment center employees, those who want to move into high-demand occupations. The projected programs amount to what’s said to be one of the largest and most expensive corporate retraining programs ever implemented, although as a percentage of revenue that’s likely not the case. Amazon’s annual revenue for 2018 was more than $232 billion.

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CNBC

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