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I'm on the same team I was hired on, but I've received one promotion since I started working here 2 years ago. I think lateral moves are fairly uncommon, but it's easy enough to climb up the ladder if you stay in the same area. All external roles are always open to internal applications, so your chances are pretty good if your manager supports it
Internal transfers are extremely common but as of late, are very difficult (broader hiring slowdown, and internal transfers are scrutinized based on their current role and less so on the breadth of their experience)