Not getting promoted

I have a good work experience of some 8 years. But I am working in lower rungs (lower-managerial role) in the company. My company is not promoting me despite me being a loyal and dedicated employee.

I am unable to understand the office politics which is affecting my promotion.

Due to COVID19, the other opportunities I am coming across are mainly at entry level. I am feeling as if I am stuck in this job with not much of satisfaction and right nowhere else to go.

This is becoming torturous with every passing day.

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