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A Performance Improvement Plan (PIP) is a formal document used to address recurring performance issues with employees. It informs them that they are not meeting expectations for their level. The speaker has experience as a software engineer and manager at Meta, explaining PIPs. Most individuals on a PIP end up leaving the company, which the speaker believes is positive. When on a PIP, employees meet with HR and their manager, receive a document highlighting areas of poor performance, and must achieve goals to graduate from the PIP and avoid termination.
