Vo: Post-ZIRP tech companies no longer grant automatic annual promotions
Claire Vo · Bending the universe in your favor | Claire Vo (LaunchDarkly, Color, Optimizely, ChatPRD) · Apr 7, 2024 · at 11:51
Claire Vo, Chief Product Officer at LaunchDarkly, explains how the end of zero-interest-rate policy (ZIRP) has altered tech career progression norms.
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“Especially now, like let's, let's, let's say post Zerp, like there are not just these rote every 12 months we're going to give comp increases and merit increases and you get to be promoted. We really have to be thoughtful about the structure and size and organization of teams. Product teams are naturally pretty small. So there aren't just management and director and senior director roles to go around.”
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