I've seen multiple people placed on PIPs in the last six months. It's making me nervous. Is this just how things work here? Or is it a strategy to document people out the door so they don't get severance? I'd really like to know if I'm being paranoid or if this is a legitimate concern.
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PIPs are notoriously handed out ahead of layoffs, team members will be assigned a 1 or 2 rating and will be first on the list to go. This is normal practice for this company.
That's not normal. I've noticed high level executives have sold a lot of shares recently too.