PIP wave at Etsy
In my company (Etsy), they didn't do layoffs, but instead, they are letting people go with PIP left and right. I think these stealth layoffs are the worst. Several teammates disappeared randomly without severance. I am looking for jobs just in case, but it's a tough market. My manager never gave any bad feedback, and I exceeded expectations last year. However, the teammates who disappeared also were good performers. This makes me very nervous. For the folks interviewing, we have open roles, but I recccomend avoiding it until this wave of PIP finishes.
What org are you in?
Can I dm you with some questions?
It’s layoff season. Companies are trying to save on severance and not get bad publicity.
This is a thing
I thought the PIP’ed get severance?
Even if they do, it’s much less than layoff severance. Also, less notice (like no notice with pip, while layoffs may mean some time on garden leave where you still pay the employee). Finally, the company may have additional legal expenses for layoffs, while pip is standard procedure. Pip is much cheaper.
Yep, can confirm that similar things are happening at Intuit.
Qq, why was Amazon tagged in this? 😂
So that Bezos can feel good about himself
Etsy is hiring several contractors through the Mom Project company. I just wrapped up an interview a couple of days ago.
Wow…this whole time at Etsy has been unsettling to say the least …
Etsy has such high employee scores though. Is just the current environment unsettling or has it always been that way?
I think it’s definitely the current environment
They need all the money to do stock buyback.