I heard a rumor that in cloud software the first line managers are mandated to put 20-25% of reps on Performance Improvement Plans that end before 4th qtr to cut headcount w/out having to call it a Covid lay-off. I suspect because they can give them an impossible goal, and after 30-days walk them out without severance or benefits. They skirt their commitment to no more layoffs under the guise of the firing being “performance” related. Easy targets since very few are hitting anywhere near pre-Covid quotas. Especially tricky with 4th qtr sales not counting - IBM’s highest sales quarter.
Can anyone confirm this? Has it already been done or is underway still?