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If you're placed on a performance improvement plan, it's wise to begin developing an exit strategy. Many companies use these plans as documentation before dismissal, so it's essential to remain vigilant. Pay attention to the milestones set; if they seem unrealistic, focus on your job while actively searching for new opportunities. In case of layoffs, you could qualify for unemployment benefits. Some companies may genuinely want to help you improve, but you'll need to assess the situation yourself. Regardless, it's crucial to update your LinkedIn profile and resume as soon as possible.