Amazon to spend $700M retraining a third of its U.S. workforce


Amazon.com Inc. (NASDAQ: AMZN) plans to spend $700 million in a massive corporate retraining initiative focused on its U.S. workforce.

The e-commerce giant announced the plans Thursday 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…

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