Amazon.com on Thursday unveiled plans to retrain a third of its U.S. workforce — or 100,000 workers — by 2025 to help its employees move into more advanced jobs or find new careers.
The retail and tech giant intends to expand its existing training programs and introduce new ones. The training will be voluntary, and most of the programs are free.
Programs will help workers "access training to move into highly skilled technical and non- technical roles across the company's corporate offices, tech hubs, fulfillment centers, retail stores, and transportation network, or pursue career paths outside of Amazon," the company said in a statement.
Amazon's retraining programs will include:
The planned program is among the biggest corporate retraining initiatives ever announced, at a cost of roughly $7,000 per worker, or $700 million.
Amazon and other companies have struggled to find technically qualified U.S. employees. More advanced training for workers hired to work in Amazon warehouses is occurring in an increasingly competitive environment with the unemployment rate hovering below 4%.
While customers are less likely to come face to face with an Amazon worker, the company can improve the experience of shopping online with a staff that is more technically savvy.
Amazon.com Inc. has also faced criticism from labor groups and some politicians, including presidential candidates, over what they see as substandard working conditions. Providing an avenue for low-skilled workers to advance within the company, or outside of it, could reshape the narrative for Amazon.
"While many of our employees want to build their careers here, for others it might be a stepping stone to different aspirations," said Beth Galetti, a senior vice president of human resources at Amazon. "We think it's important to invest in our employees, and to help them gain new skills and create more professional options for themselves. With this pledge, we're committing to support 100,000 Amazonians in getting the skills to make the next step in their careers."
The Seattle company said Thursday that its U.S. workforce will hit 300,000 this year. It has more than 630,000 employees worldwide.
Amazon, using its own employment data, said its fastest growing skilled job positions over the last five years include data mapping, data science, security engineering and business analysis. There is also strong demand for workers skilled in logistics and transportation.
Amazon shares are up 34% this year and are among the top performers in the 5-year run by the S&P 500 to 3,000 from 2,000.
The Wall Street Journal first reported on the company's retraining program.
—The Associated Press contributed to this report.