Google middle managers hoping for a big promotion better think again – Yahoo Finance
Google is looking to slow the pace at which middle management can climb the ranks in an effort to reduce employee salaries considered generous even by Silicon Valley standards.
A darkening macroeconomic outlook and rising pressure from shareholders has prompted CEO Sundar Pichai to apply the brakes in a move to prevent its staffing and cost base from becoming any more bloated than it already is.
“With our slower pace of hiring, we are planning for fewer promotions…than when Google was growing quickly,” the company said in an email obtained by Insider.
The decision affects management layers starting with the so-called L6 level and above, which typically includes staff with a decade of experience or more.
The email went on to say that the decision would ensure the number of managers in more senior leadership roles “grows in proportion to the growth of the company.”
If the past quarter is anything to go by, they can expect a very meager increase indeed.
Revenue at parent holding…
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source: https://news.oneseocompany.com/2023/03/07/google-middle-managers-hoping-for-a-big-promotion-better-think-again-yahoo-finance_2023030741606.html
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