{
  "version": "1.3.0",
  "releasedAt": "2026-05-20",
  "kpi": {
    "rogueId": "hr.terminations",
    "slug": "terminations",
    "domain": "hr",
    "defaultLabel": "Terminations",
    "description": "Count of company-initiated employee separations during the period — performance-management exits, layoffs, redundancies, and for-cause terminations. The numerator of `hr.involuntary_turnover_rate` and the inverse of `hr.voluntary_exits` on the attrition page. Common pitfall: bundling layoff events (often one-time, board-known) with normal performance-management churn (steady-state, manager-driven). Best practice is to break out layoffs in `hr.talent_challenges` narrative and reserve this number for the recurring stream.",
    "fieldType": "number",
    "unit": null,
    "maturity": "general",
    "suggestedForStages": [
      "seriesA",
      "seriesB",
      "seriesC",
      "public"
    ],
    "defaultOwningFunctions": [
      "HR"
    ],
    "stageRelevance": {
      "seriesA": "recommended",
      "seriesB": "recommended",
      "seriesC": "recommended",
      "public": "recommended"
    },
    "definitionSource": {
      "tier": "editorial",
      "sourceName": "imboard Editorial",
      "sourceUrl": null,
      "sectionRef": null,
      "publicationDate": "2026-04-01",
      "attributionNotice": null
    },
    "formula": "Count of company-initiated employee separations within the reporting period — performance terminations, RIFs, role eliminations, and for-cause exits. Excludes voluntary resignations (those are `hr.voluntary_exits`) and contractor-end events.",
    "whyItMatters": "A direct read on performance-management cadence and any organizational restructuring activity. Spikes correlate with strategy pivots, post-fundraise rebalancing, or recovery from over-hiring — each implies different board narratives.",
    "interpretationGuidance": "Sustained termination volume above ~1% of headcount per month (excluding announced RIFs) typically signals hiring-quality issues, performance-bar drift, or comp-band misfit (industry folk-wisdom, not citation-grade). One-time RIF events should be reported separately in `hr.board_actions` with the headcount delta noted.",
    "relatedKpiIds": [
      "hr.involuntary_turnover_rate",
      "hr.performance_watch_count",
      "hr.headcount_change",
      "hr.talent_challenges",
      "hr.board_actions"
    ],
    "metricBasis": {
      "timeBasis": "period_flow",
      "production": "primary"
    }
  }
}