Can anyone tell me About PIP in detail ?

I am a fresher who is about to join a company in Bangalore. I've heard a lot of people mentioning the word 'PIP' on grapevine as well as reddit. Can you enlighten me with its meaning? Thanks.

I'm a new person in the corporate world and wish to know how PIP affects a person who's been put on to it in the real world or practically. Kindly let us know

Question to all recruiters, EMs and SDEs Does getting into PIP affect your career? Suppose someone is placed in PIP and they bag a new offer during that time without disclosing the PIP situation, would it be disclosed by the previous company’s HR during background check? Does it affect the new company offer? Also, if someone has been placed in PIP during their career at any time, would it affect their career trajectory in the long run? What do EMs, recruiters and HRs think about the candidate when they get to know that they have been placed in PIP before?

Today I got a call from the HR team that I've been put on PIP. I have been on Bench for 2 months and they are doing it for Cost cutting. Furthermore they asked me to get a project in 2 months otherwise I have to self resign. My doubt is if they forced me to resign after 2 months in case I didn't get any interview calls, Will they give me notice period (3 months) salary???

My Manager told me that I am not performing well and indirectly threatend me that I would be put in PIP. I am really tensed and not able to function properly. I anyways don't like my manager and trying to find a new job since last 3 months but nothing is working out. Not sure how to deal with it and what to do...

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.

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