If an employee is placed in PIP but 2 months prior to this they applied for a week long leave, can the employee still take the leave? Or can they be terminated if they took the leave?

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PIP means Performance Improvement Plan which will be justified after your 2 month's Performance report and it has nothing to do with your leaves. If you have leaves in your kitty take them.

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You should start interviewing

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You can take leave if you already have applied for it in the future. But i would still suggest you to start looking for jobs as i had been in the same case and the company at the end of the pip asked to me resign forcefully.

If you are above L3.
Find a new job, take the tier one severance and leave.
You can’t fight pip. Atleast in the long run.
You would not get a decent hike or a promotion for the next 2 years if you even make it out of pip

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