PIP
Performance Improvement Plan. Officially, a structured path to help you succeed. Unofficially, HR's paper trail before a termination. Very few people 'graduate' from a PIP.
Heard in the wild
“After the Q3 review, Dave was put on a PIP — he updated LinkedIn that afternoon.”
Tone check: Danger
Code red. If this word is used about you, polish your resume and consult your network immediately.