Skillsoft Partners With Year Up to Empower Young Adults With Critical Workforce Skills Training

Skillsoft (NYSE: SKIL), a leading platform for transformative learning experiences, today announced a multi-year partnership with Year Up, the national workforce development organization. Through the partnership, more than 30,000 young adults enrolled with Year Up will gain access to Skillsoft’s learning platform to build the critical skills needed to gain employment at leading organizations within the technology, banking, and financial services industries.

Digital literacy is critical in today’s workplace especially with the rapid advancement of generative AI, yet 67% of the world’s youth lack sufficient skills needed to use and understand technology. Additionally, it is estimated that by 2030, 60% will not possess basic, transferable skills required to transition into the workforce. The partnership between Skillsoft and Year Up will address this crisis head-on by breaking down accessibility barriers for underserved young adults in the U.S. seeking upskilling and career opportunities. With access to Skillsoft’s learning solutions including Percipio, Codecademy, and CAISY, Year Up students can develop a well-rounded set of technology, leadership, and management skills that will support propelling them into meaningful careers, and in-turn, create a larger, more inclusive talent pool.

“Like Year Up, Skillsoft is strongly committed to its social impact mission of providing equal access to learning and skill development opportunities,” said Orla Daly, Chief Information Officer, Skillsoft. “We are excited to partner with Year Up in their efforts to help close the Opportunity Divide by empowering a diverse pipeline of talent to thrive in the rapidly evolving job market. Together, we look forward to helping Year Up students and alumni develop the skills to be successful today and to continue to grow and meet the skill needs of tomorrow.”

Year Up's intensive training program equips young adults ages 18-29 with in-demand skills training, now enhanced with Skillsoft’s learning solutions, followed by a professional work experience where they will apply their newly acquired skills. This approach helps to bridge the Opportunity Divide, the gap between underserved youth and economic opportunity, by empowering individuals to access meaningful careers and contribute to the workforce. Nationwide, 80% of Year Up graduates are employed or attending college within four months of completing the program, with average starting salaries of $53,000 per year.