Estimated reading time: 0 minutes, 27 seconds Tool Lets Amazon Employees Buy Homes with Stock

Amazon has partnered with to allow employees to use vested company stock as collateral for home mortgages. So reports Business Insider.

amazon 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. 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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