TC

Total Compensation on an annualized, repeatable basis. Usually used in the context of compensation packages in the software industry with companies such as Google and Facebook.

Man did you hear new grad TC for Google went up to $170k? They're offering $115k base salary, $160k stocks over 4 years, 15% annual bonus and a $30k signing bonus on top of that.

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PIP

Performance Improvement Plan. A document given to an employee within a company to set up paperwork to legally fire the employee and protect the company against potential lawsuits under the guise of improving performance. By the time this document is given, management has almost definitely decided to terminate the employee. Used as a slang to indicate someone is being/was fired.

Person 1: Where did Tom go?
Person 2: Didn't you hear? He got pipped out of here, that's why his LinkedIn profile has an end date here.
Person 1: Wow no wonder he just disappeared.

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