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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.

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