Hi folks,

Is there any promotion cycle happen July month & my manager said you will get July first week, i received one rating how much % can we expect if I received promotion..?

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you should have accepted the offer letter whichever you received first, and not waited on the basis of letter of intent.
LOI is not offer letter and it's just that they are interested to hire you but it's not the actual offer letter. I would suggest joining any company who releases offer letter with a handsome package.

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To my knowledge the promotion cycle is freezing. Only exceptional promotions are happening out of cycle by managers with special approvals

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