Recently, Amazon announced that <a href="https://www.cnbc.com/2019/07/11/amazon-plans-to-spend-700-million-to-retrain-a-third-of-its-workforce-in-new-skills-wsj.html">it will spend $700 Million</a> (USD) to retrain its employees. Why are they doing this? Simple: automation. They know that a displaced workforce would be bad political mojo at a time when the giant is facing increasing calls for regulation, even potential anti-trust action.
Anti-trust laws in the US were made largely in reaction to the Standard Oil Company and its founder John D. Rockefeller.
In this DataPoint, Frank notes how Jeff Bezos just may be the Rockefeller of our day.

Recently, Amazon announced that it will spend $700 Million (USD) to retrain its employees. Why are they doing this? Simple: automation. They know that a displaced workforce would be bad political mojo at a time when the giant is facing increasing calls for regulation, even potential anti-trust action. Anti-trust laws in the US were made largely in reaction to the Standard Oil Company and its founder John D. Rockefeller. In this DataPoint, Frank notes how Jeff Bezos just may be the Rockefeller of our day.

Recently, Amazon announced that <a href="https://www.cnbc.com/2019/07/11/amazon-plans-to-spend-700-million-to-retrain-a-third-of-its-workforce-in-new-skills-wsj.html" rel="noopener noreferrer">it will spend $700 Million</a> (USD) to retrain its employees. Why are they doing this? Simple: automation. They know that a displaced workforce would be bad political mojo at a time when the giant is facing increasing calls for regulation, even potential anti-trust action.
Anti-trust laws in the US were made largely in reaction to the Standard Oil Company and its founder John D. Rockefeller.
In this DataPoint, Frank notes how Jeff Bezos just may be the Rockefeller of our day.

*DataPoint* Amazon to Retrain Its Employees. Why That’s Big Deal.

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Data Driven: the podcast where we explore the emerging field of Data Science. We bring the best minds in Data, Software Engineering, Machine Learning, and Artificial Intelligence right to you every Tuesday. The field of data science mashes up the worlds of statistics, database architecture and software engineering. Data Scientist has been labelled by the Harvard Business Review, as "the sexiest job of the 21st century." A quick search of job search sites reveal that this field is in high demand. In a world where Data is the new Oil, Data Science the new Refineries, consider this Car Talk for the Data Age. Every week we bring the best minds in this emerging field straight to you. Our goal is to educate and inspire our listeners so that they can be prepared to thrive in a Data Driven world.

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DataPoint Amazon to Retrain Its Employees. Why That’s Big Deal.

DataPoint Amazon to Retrain Its Employees. Why That’s Big Deal.

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