Amazon To Spend $700 Million Training 100,000 Employees For Tech Jobs

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Amazon employees who are filling boxes in warehouses may be the industry's next engineers.

The company announced Thursday that it will spend more than $700 million to train 100,000 employees for higher-skilled jobs over the next six years.

These training programs will be offered to workers throughout all levels of the company, not just those in warehouses. Participants can pick one of several programs, ranging from learning skills for other jobs at Amazon to earning certifications that could be used outside the company.

The move is just the latest in a series of efforts by large retailers to woo and retain workers in one of the tightest labor markets in history. For example, Walmart last month announced a new program that will pay for college test preparation for its high school workforce.