When a corporation runs out of money, the managers get an assignment to hand out a high number of performance improvement plans to their direct reports. Those who can leave, prefer to resign. Those who can’t, stay and play along and face either no pay adjustment / no promotion or risk getting fired for “underperforming” after a while. Either way, the company achieves its goals of reducing the costs and headcount.

Of course this works only if you have a well-oiled HR machine and docile managers, which is typical for every Big Corp out there.