(AUSTIN BUSINESS JOURNAL) — Amazon.com Inc. plans to spend $700 million in a massive corporate retraining initiative focused on its U.S. workforce.
The e-commerce giant announced the plans July 11 for a voluntary program aimed at retraining 100,000 workers — a third of its current workforce — by 2025 through the expansion of its existing programs and the creation of new ones focused on moving employees to more advanced jobs within the company — or to find new careers outside of Amazon.
The program will allow fulfillment-center workers to retrain for higher-paying IT support roles, according to one example detailed in a Wall Street Journal report. The initiative will also include a program where nontechnical workers can be retrained as software engineers without going back to college, according to the report.
Read the full story at the Austin Business Journal here.
