After Google let go 12,000 of its employees in a recent layoff, Googlers are in for another shock as the company is reportedly planning fewer promotions this year.
Google had put in place a new performance review system recently. Under Google Reviews and Development (GRAD), more employees at the company would be receiving low performance ratings, say media reports.
According to CNBC, Google, which is making efforts to cut costs amid continued concerns of a recession like many other big tech firms, in a recent mail, said it will be promoting fewer employees to senior roles “to ensure that the number of Googlers in more senior and leadership roles grows in proportion to the growth of the company.”
"...we are planning for fewer promotions into L6 and above than when Google was growing quickly,” the company said.
The move by the company will mostly affect middle managers. L6 refers to the first level of employees who are regarded as senior and would usually consist of employees with around 10 years of experience.
In January, CEO Sundar Pichai had announced the layoffs saying it reflects a “rigorous review" carried out by Google of its operations. “Over the past two years, we've seen periods of dramatic growth. To match and fuel that growth, we hired for a different economic reality than the one we face today," he had written in a mail, justifying the job cuts.