Employees who are PIP'd are replaced, though. The positions themselves still exist. This is cutting 10k positions if I'm interpreting correctly, so it's really going from 0% to 4%. It may also impact entire teams or business lines.

This isn't going from 6 to 10% though, this is a one-time reduction of 10% on top of the normal 6%.

Somewhat OT, but I never understood why so many corporations have this hard and fast rule that they have to fire (or give no bonus to) a set percentage every year: "We must fire X% of people."

I have worked at a few firms that have done this, and I have heard from a few people their managers arbitrarily picked them to get knocked into a lower tier.

Conversely, if they hired a big cohort of bozos one year, you know they would never say, "We would like to get rid of 15%, but our plan is only to get rid of 10%." They would have no problem going beyond 10%.

This is a reduction of 10% on top of the expected regular attrition (6%).

> so going from 6% to 10% isn’t exactly a massive change.

It is if made overnight!