Absolutely! I had a job some 3 years back that said if I continue to perform well, I could probably be promoted in 2 years.
This was on the heels of no bonuses or raises that year (well, for the team I was on).
2 years? Also that was the team’s reward after a year of work? This was a Fortune 500 company with over $10B in revenue.
The next month…layoffs. We spent the month figuring out all the tribal knowledge that went out the door.
The next month after that…contractors must take 2 unpaid days off every month and holiday closures don’t count towards that.
The next month they said, “Good news! We’re renewing your contract.” - Nope. I’m out.
Last I heard everyone on my team also left in the following 3 months, the director of the department also left, and the VP got forced out and replaced.