Online retail giant Amazon.com (AMZN) said Thursday that it will spend more than $700 million to retrain one-third of its U.S. workforce by 2025.
The Seattle-based company said its Upskilling 2025 program is aimed at helping 100,000 employees of all backgrounds to move into more highly skilled technical and non-technical jobs.
Amazon said that based on a review of its workforce and analysis of U.S. hiring its fastest growing highly skilled jobs over the last five years include data mapping specialist, data scientist, solutions architect and business analyst, as well as logistics coordinator, process improvement manager and transportation specialist within the customer fulfillment network.
Some of Amazon's programs include Amazon Technical Academy,which will teach non-technical Amazon employees skills to move into software engineering careers; Associate2Tech, which helps train fulfillment center associates move into technical roles regardless of their previous IT experience; Machine Learning University, offering employees with technical backgrounds the opportunity to access machine learning skills via an on-site training program; and Amazon Career Choice, a pre-paid tuition program designed to train fulfillment center associates in high-demand occupations of their choice.
Shares of Amazon were up slightly to $2,031.98.