Thread regarding Truist Bank layoffs

Can someone explain how a PIP works?

Please? I know there are check ins and goals, but I'm not clear on what they involve.


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| 175 views | | 13 replies (last 20 days ago) | Reply
Post ID: @OP+1m5jbgs23

13 replies (most recent on top)

I got through two PIPs over the course of nearly a year (before I decided to leave).
So I wouldn't say it's an immediate kiss of death. I'd recommend paying extra effort to documenting your performance, crossing your t's and dotting your i's, and doing your best to get on better terms with your manager.

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Post ID: @fq+1m5jbgs23

Context is everything here. It depends on why you’re being put on a PIP and how you respond. I hope it’s not what others say and precursor to being fired, and rather how I have used them: something about your performance is lacking and coaching or talking about it isn’t working. So a formal process is used to get your attention and focus your efforts. It should be tightly defined “you’re at x and you should be at y”, with regular scheduled conversations (not just reports or non-verbal checks) and milestones or progress targets (“bridge half the gap in 30 date, and fully in 90 days”).
If you don’t get the sense that your manager is truly advocating for you and giving you a roadmap to better performance, then everyone else is correct and you’re on the layoff list.

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Post ID: @d3+1m5jbgs23

@a9 - I think it depends on the state, but getting fired following a PIP doesn’t mean you get nothing in terms of unemployment. At least where I live, you have to be fired for misconduct to be ineligible for unemployment, and performance issues don’t count as misconduct.

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Post ID: @c1+1m5jbgs23

@at Think about the last round of layoffs in mortgage. 2 managers were laid off and brought back after they got all their severance paid out. What an epic fail to save money.

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Post ID: @b5+1m5jbgs23

@at this just happened to an underwriter in mortgage. Instead of laying them off, they fired them after 20 plus years of service. Keep in mind this person is not the lowest on the leader board. They don't want to pay then a severance.

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Post ID: @b4+1m5jbgs23

I was in MRO. I got pip after great review, means salary increase and bonus. They pointed fingure to just one project. I decided to take early retirement. I have Truist stocks. I will vote accordingly.

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Post ID: @b3+1m5jbgs23

If you were blindsided with a PIP and are in mortgage you are about to be RIFed. That is standard proceedure. NOW, If you are a protected class, i.e. person of color, a woman over 50 and/or have a documented disability and recently engaged in accommodation request, you should hire a labor law attorny ASAP. Especially if you have a proven track record of success.

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Post ID: @at+1m5jbgs23

Try doing your job

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Post ID: @ar+1m5jbgs23

Even if they process you out sue anyway for wrongful term it's a very risk averse company they'll settle most of the time.

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Post ID: @ae+1m5jbgs23

yall will really do anything but read a dang policy

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Post ID: @aa+1m5jbgs23

A pip is not the same as a layoff. A pip means you are about to be fired. You get severance when laid off. Unemployment benefits too. You get nothing when fired. A pip means hr and your manager want you gone and are documenting why you need to go so you can’t sue them. A pip is a kiss of death99.99-% of the time.

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Post ID: @a9+1m5jbgs23

This means a layoff is coming and you have been moved to front of the layoff line. I suggest polishing up your resume and start networking outside Truist.

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Post ID: @a7+1m5jbgs23

Step one. be-dover

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Post ID: @a5+1m5jbgs23

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