It's called PIP. It happens daily
Is regular PIP only for ICs?
7% are fired every year
Do you also fire principal engineer or above? Or it is for lower levels?
Mostly lower levels, but can happen to l7/8 too.
People also get fired pretty easily for reasons not to do with performance. Anyway, it's still minimal compared to numbers leaving of their own accord.
It's called burn and churn, half get worked to death, the other half chill in the PIP pool, take your pick.
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