[growthape]

What's PIP?

[dredmorbius]

"Performance Improvement Plan".

The performance being improved is the validation of the execution of the decision to fire you which has in fact already been made.

http://www.employmentlawfirms.com/resources/employment/emplo...

[hantusk]

Performance improvement plan. Typically the people in the lowest performance tier (based on manager ratings) will be offered such a plan.

[cbowal]

Performance Improvement Plan

[tajen]

In other words, it means your employer is collecting proof that you can't perform in order to fire you.