HomeNewsTrendsGlitch at Amazon causes employee raises to be overstated: Report

Glitch at Amazon causes employee raises to be overstated: Report

The glitch created an uncomfortable situation for managers, who had to tell their team members that they will receive lower compensation than was discussed with them initially.

September 23, 2022 / 13:07 IST
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Representational image.
Representational image.

After reports that Honda overpaid bonuses to employees because of miscalculation, a similar error has come to light at Amazon.

As first reported by Business Insider, a glitch led to the e-commerce giant overstating raises to be given to employees promoted recently.

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An internal email viewed by Insider said that the miscalculation occurred because a software took into account Amazon's older (and higher) share prices to calculate the raises.

The glitch created an uncomfortable situation for managers, who had to tell their team members that they will receive lower "promotional cash value" than was initially discussed with them.