business news in context, analysis with attitude

With brief, occasional, italicized and sometimes gratuitous commentary…

•  Business Insider reports that "many of Amazon's corporate employees who just got promoted are finding that because of a software error, their raise packages actually won't be as high as they thought, according to an email seen by Insider that was sent to managers on Thursday.

"The glitch caused Amazon to overstate bonuses for recently promoted employees because it miscalculated compensation by relying on older, higher stock prices for Amazon shares, the email said. It's not clear exactly how many employees were affected, but an internal trouble ticket seen by Insider said roughly 40% of employees promoted this quarter had 'been impacted by this issue.'

"The company resolved the glitch Tuesday. Still, when employees learned they would make less than they thought, it reinforced a sense among some that the company was nickel-and-diming them, according to screenshots of Slack messages seen by Insider."


I feel bad for the Amazon employees who were misinformed, but am I wrong to somehow think it is kind of funny that even an Amazon algorithm makes math mistakes?