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Better.com Tool Lets Amazon Employees Buy Homes with Stock

Saturday, Mar 04 2023
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Amazon has partnered with Better.com to allow employees to use vested company stock as collateral for home mortgages. So reports Business Insider.

amazon 150x150Better.com said that it created the so-called Equity Unlocker program because Amazon employee compensation was particularly tilted toward stock.

A tumbling share price could spell as much as a 50% pay cut for Amazon employees this year. Better.com said the program is available to both current and former employees of Amazon, which is carrying out a plan to slash 18,000 jobs.

Read the full article from Business Insider.

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