Will my relieving letter mention a PIP exit?

Call it a victim of office politics or anything else, I have been put into PIP. Wanted to ask the grapevine community if a person is allowed to resign during the pip period. Basically I am planning to use this time to prepare for switch and resign just before the pip gets over. Any other possible suggestions are also welcome.

Hey All, I’m going to have meeting with HR regarding PIP next week. There I need to take decision whether I have to resign and take 4 months pay or whether I have to go with PIP plan and perform certain tasks for 2 months what they will decide and evaluate. I’m a bit confused what option should I need to opt. I’m looking for jobs but didn’t receive any calls till now but I’m actively applying. From many people I’ve heard that in PIP they are giving hard to achieve tasks and pressurising to resign else if got fail in PIP, they will terminate and will give termination letter instead of relieving letter. What option should I opt , considering all the possibilities and current market situation? P.S - I have 2 YOE in front end development Suggestions from experience would be highly appreciated and can help me.

So Flipkart will be doing performance based layoffs. I have been placed on PIP. How should I proceed considering I don't have any other offers and not much experience either. 1. Resign immediately. 2. Do the PIP completely and then see if I pass or not? I am not in a good financial position currently.

Is it easy to come back from a PIP there or you'll be booted to meet their quota usually?