Amazon To Invest $1.2B Towards Education Benefits For Front-Line Employees

Amazon.com Inc AMZN will expand its Career Choice program's education and skills training benefits.
Amazon will invest $1.2 billion through 2025 to fund full college tuition, high school diplomas, GEDs, and English as a Second Language (ESL) proficiency certifications for its front-line employees.
It is also adding programs to provide the opportunity to learn skills within data center maintenance and technology, IT, and user experience, and research design.
Amazon's initiative coincides with antitrust allegations against the company. Recently it announced plans to hire 55,000 people globally.
Chinese counterpart Alibaba Group Holding Ltd BABA recently dedicated $15.5 billion to provide subsidies to small- and medium-sized enterprises and improve insurance protection for gig economy workers amid China's widespread tech crackdown.
Price Action: AMZN shares closed lower by 1.17% $3,484.16 on Thursday.