Amazon announced plans to spend $700 million on retraining a third of its US workforce, as technology has changed how many employees do their jobs, according to The Wall Street Journal.
The company made the announcement on Thursday that it would retrain 100,000 employees by 2025. The trainings will help employees move into more advanced and technology based roles in the company. The training is voluntary and free to the employees. Amazon has also encouraged employees to use the training to bolster career credibility and job resumes.
“Technology is changing our society, and it’s certainly changing work,” said Jeff Wilke, chief executive of Amazon’s world-wide consumer business. Wilke also added that the initiative is meant to help workers “be prepared for the opportunities of the future.”
The trainings give hourly workers the opportunity to retrain for IT support roles or nontechnical corporate workers to retrain as software engineers without going back to college for a degree in engineering.
The announcement of Amazon’s efforts is the largest upgrade of workers skills of any corporation. The project will break down to costing the company $7,000 per worker on retraining.