It is a stage in the career of a person where the possibilities of his further growth are either blocked or minimized due to a set of various reason. The main reason being the policy of vacancy based promotion in the hierarchy, no matter how good you perform or how skilled you are, you will not promoted until there is a vacancy.
This is the situation mostly in the PSus where career developments are based on vacancy.
Other reasons being your knowledge saturation, health grounds , not able to handle latest tech. etc......
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