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

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  • Amazon.com Inc (NASDAQ: 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 (NYSE: BABA) recently dedicated .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.

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