If you aren’t performing well, when they let you, are you “let go” or fired? I was under the impression that fired meant that there was something unethical going on. But letgo could be based on performance/current climate

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Most companies and firms will say “separated” and if a future employer asks, they confirm separation date, role and maybe compensation to reduce any liability for being sued. Fired for cause is usually ethics, breach of confidentiality, assaulting a coworker, etc., serious stuff.

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Same thing.

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You are released. IE fired. Biggest nuance is if you are eligible for rehire. No leader will say fired.

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We're almost all at-will. Far more firings happen for performance reasons vs. unethical actions.

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It depends. If you get let go because of extended bench time or reductions of the bottom X% of performers, you’ll usually get a separation package.

If you get fired for doing something really stupid or careless, you will likely get nothing.

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If you get severance then you separated involuntarily. If you get escorted out you were terminated.

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Terminated involuntarily either way. Some organizations track additional granularity, but most are careful to limit liability in the event of a lawsuit.

Same thing

In some firms you can be executed! 😳

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Profile
Qualification: CA and Bcom
Exp - Articles at Big4 - 3 years
Post CA - 6 months as management trainee at a unicorn
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