Pip is performance improvement plan. If you receive a negative review, you are generally placed on a pip. In the past, this is how the company reduced workforce without officially calling it a "layoff". Generally once you are on a pip it is Very difficult to get off. Thus making it easy for the company to let you go. The hope is that you will find a job and that they won't fire you. I know people on PIP who got the same package that the laid off people received!!!!
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