The Latest Executive Job Changes at FAANG Companies

Promotions

Amongst the seemingly constant reorgs, layoffs, and hiring freezes of the last 6 months, the rate of promotions has been in flux.

An internal Google email stated that there will be fewer promotions for L6 (Google's internal classification for senior-level employees) and above positions. Our data shows that the rate of promotions at Google has already slowed with an 85% decrease in promotions in Q1 2023 versus Q1 2022.

Overall, Q1 2023 promotions at the FAANG companies are on average down by half versus the same period last year.

For those who left FAANG companies to start new roles at non-FAANG companies, over 20% of the new roles came with a title increase.

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Who stayed at a FAANG (or Microsoft)? Who joined a new company?

Most frequently the term "job change" is associated with a new role at a different company. But, job changes can come in many shapes and forms.

Here's the breakdown of the latest FAANG executive job changes by where they started their new role:

• The biggest headline is that roughly 15% of job changes were layoffs
• Just under 50% of all job changes were to new roles at FAANG companies
• The remaining 35% of the job changes were to non-FAANG companies including Target, Salesforce, Atlassian, and a number of individuals who started freelance or self-employed roles

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What's happening at the department-level?

Finally, a look at the department-level breakdown of the new roles offers insight into which types of roles are both "most in demand" and "most subject to turnover".

A deeper look reveals that business management, sales & support, and marketing & product teams were those most affected by the recent rounds of layoffs (although, on a percentage basis, there is more parity across departments).

Also of note, is the comparison between Amazon and Google across departments. New roles in the business management, operations, and sales & support teams Amazon dramatically outpace Google, while there is far more parity in new roles in the respective marketing & product and engineering teams.

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What else do you want to know about job changes?

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Reach out to tell us what job change stories you want to see covered or to learn more about how you can use Live Data.