Often, they label culling the bottom 5% as "restructuring" or try to make sure the bottom 5% get included. It's easier to combine layoff events than have a steady stream of them.
A lot of these companies also do layoffs, then pay severance, and possibly some time where you're technically an employee and are free to look around the org for a new job. But honestly, after being told you're laid off, your loyalty to that employers is pretty low, and you're better off looking elsewhere.
A lot of these companies also do layoffs, then pay severance, and possibly some time where you're technically an employee and are free to look around the org for a new job. But honestly, after being told you're laid off, your loyalty to that employers is pretty low, and you're better off looking elsewhere.