This is pretty common. Not great, TBH, but pretty common.

I am on my 13th manager in the 8ish years I’ve worked at Twitter. x.com/greenberg/stat…
It’s definitely a metric orgs should be looking at managing. I believe teams grow stronger the longer they are together.
Ian Brown @igb
A useful question is: "How long, on average, does an IC have the same manager and how long, on average, is the time between IC promotions?"
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If the former is smaller than the latter it’s time for some organizational introspection.