Is there any severance pay or paid COBRA if someone is placed on a performance improvement plan and doesn't make the criteria at the end? What does it look like compared to a standard US severance package.
Is it just me, or has the heat been turned up a few notches recently?
Please pick me for a layoff.
If you qualify for health insurance now at Oracle, you get COBRA no matter how you leave, fired, RIFfed or voluntary. It's federal law in the US. You'll get 18 months of COBRA.
I also know of someone in the middle of a PIP who was laid off. I think that most people on PIP are riffed. They sign away their right to sue for the severance, which is what HR really wants in the first place,
I guess you are in NA CSM , CB team in North America.
Yep you are going to be fired very soo. With no severance.
PIP is just a way of documentation so they can't be sued.
As simple as that!! Look for a job NOW !!!
PIP PIP Cheerio, your job is looking for another job, keep your chin up old chap.
If I were put on a PIP, I'd start looking for another job right away, it is usually the first step in firing someone and the PIP is their way of documenting why you were terminated. I think cases of getting yourself back in good standing after a PIP are rare. They are NOT obligated to give you severance if you are let go due to a PIP. I am not sure about COBRA.
In fact, US companies are not obligated to give severance for restructuring layoffs either, but most do in order to maintain reputation. But being let got due to a restructuring layoff is not the same thing as being let go due to a PIP.
I do know one person who was on a PIP and was part of a big layoff, she lucked out frankly, because she was able to say she was let go due to restructuring and not due to her poor performance.