One underlying problem with these PIP type programs at FAANG seems to be that they have very high barriers to entry in the interview process, and then act like 30% of the company is underperforming and subject to an annual 6% cull. There are industries & companies that have grown fat & lazy and could use a few annual 6% culls, but you eventually run out of fat. If you have a very competitive interview process and hig…
> here are industries & companies that have grown fat & lazy and could use a few annual 6% culls, but you eventually run out of fat. I've worked on many high-performing teams where you couldn't find 6%, or 1-in-18 of people who shouldn't be there. However, I've never worked for an entire fast growing company where I couldn't readily pick out 1-in-18 people who were clearly underperforming and everyone knew it. Hiring…
If your hiring quality is uniform, there’s only about a 5.6% chance the new guy gets fired next year. Instead they’ll go after someone else. For an average tenure of 3 years that’s closer to 1/6 chance of ending up on a PIP. Higher if they hand out extra PIPs in order to hit the quota.