Would you take a job at a company where the workforce is ranked and the bottom 10% is fired via PIP every year? I can see 2-3% but 10% seems high and demoralizing.

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Enron loved this approach. It totally didn’t create a company laser-focused on short-term results at the detriment of overall company health or anything.

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Teslaaaaaaaaaa woooooooooooo

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Jack Welch’s methods took the company far in the stock market, but the legacy of GE clearly did not stand the test of time.

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Deloitte?

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No consulting firm I know of has that many people on PIPs

It wouldn’t be a dealbreaker necessarily but I think it’s a bad policy in many ways. Didn’t Yahoo under Marissa Meyer do this with terrible results?

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I've seen that in finance and tech.

It's gonna be brutal in terms of workload but you'll get paid. I haven't spoken to any Netflix employees that PIP'd out that didn't believe their time there was worth it

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Our pip is like 1% and we did release them all recently. I think that would have happened regardless of Covid. A lot of the bottom 10% have lost interest in their career, hit burn out, niche skills, or simply have dated skills that aren’t in demand. 1% seems reasonable, like go figure it out and come back. 10% could catch some decent performers down on their luck with utilization.

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Totally agree

Eh no

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Literally decimating

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Hey, Crassus got Spartacus that way, Trotsky won the civil war, and the Soviets won at Stalingrad.

It's historically been pretty useful. I might recommend decimation to my client, his team is under performing and in need of a morale boost.

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I mean, I do already

I’m in Deals. MC has nothing close.

Question is whether the company is growing.

If you’re an upwardly mobile, star performer, the bottom 10% being cut should never bother you or anyone from the 90%.

You have no idea how many people will do the bare minimum and coast if they can get away with it. That’s why so much fat accumulates in large companies. This constant purging is a way to keep only the motivated people around.

Depends on culture and culture depends on whether the company is growing.

If the company isn’t growing, then it could become toxic and territorial.

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GE's 10% RIF each year is total. Meaning people who quit for another job, leave for whatever reasons and get fired. GE is super transparent as where people are ranked. The people in the bottom 10% k o

Bottom 10% know they are there and either hustle to move out of the bottom or quit. People getting RIF'd know it is coming and aren't surprised.

That’s not a very good defense of the practice. Just bc people know it’s happening doesn’t make it okay or an effective tool.

I've heard Netflix fires a lot of people.

Their culture is insane, they have a thousand page culture handbook. Two of my in-person interviews were with VP-level peeps grilling me on culture.

From what I've heard, it's a relaxing a bit nowadays. They started bringing in entry-level folks, where they used to be completely experienced hires. Seems to be shifting towards a model less focused on growth at all costs.

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I worked for a company that force ranked its employees and put people on PIPs but never fired them, it was dumb. 10% is a lot, though.

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