Google Slows Down On Promotions

Google has issued a warning that promotions to more senior levels this year will be fewer than in the past. In an email on Monday, Google unveiled that in order to ensure the number of Googlers in leadership roles keeps up with the company's growth, the number of people being appointed to senior roles will be reduced.

What’s going on:

Amidst new performance reviews and a 6% workforce cut of 12,000 jobs, Google has reportedly notified its employees that promotions will be scarce this year as hiring comes to a standstill, according to CNBC.

The layoff survivors now face a whole new challenge with regards to professional growth: the looming threat of career stagnation. Google is looking to limit promotions through performance reviews that make it more difficult for employees to get ahead.

Why it matters:

In its Monday email, Google revealed that it’s appointing fewer individuals to senior roles in order to ensure that the number of Googlers in higher-level and leadership positions grows alongside the growth of the company.

How it’ll impact the future:

As Google implements their performance review system (resulting in more lower ratings and fewer high ratings for employees), they are also attempting to reduce expenses in response to the slowing growth of their business and the lingering economic worries.