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AMAZON INVESTS $700 MILLION TO RETRAIN A THIRD OF ITS US WORKFORCE BY 2025
Thursday, July 18, 2019
Amazon unveiled plans to expand its postsecondary training programs and introduce new ones to help 100,000 Amazon employees move into more advanced jobs or find new careers. The program will cost about $7,000 per worker or roughly $700 million over six years. Most will be delivered by Amazon rather than traditional colleges and universities. At a time of rapid digital transformation, Amazon believes this program is a necessity rather than a "feel-good" move. Google and IBM are also preparing workers for new roles by creating alternate postsecondary paths. Last year, Google created a subsidized online IT support certificate program which has enrolled 75,000 students.
In Other News
- Textbook publishing giant Pearson will soon be publishing far fewer textbooks. On Tuesday, it said it will discontinue print editions of all textbooks in its higher-education category. From now on, instead of publishing new editions of print textbooks every few years, the publisher will focus on its digital course materials.
- The University of Texas at Austin will raise the household income threshold for free tuition from $30,000 to $65,000.
- After a period of enrollment growth, George Washington University will cut its undergraduate student body by 20% over the next five years. The university's president, Thomas J. LeBlanc, said the intention is to focus on quality rather than quantity.