If you simply cannot afford him, don't bother with wasting 6 months on a PIP. Give him an extremely generous severance (at least 6 months). If possible also off

If you simply cannot afford him, don't bother with wasting 6 months on a PIP. Give him an extremely generous severance (at least 6 months). If possible also offer him some kind of training course options on exit to assist him as these can be tax favourable and $1K to $2K may be chump change for your company but it will be extremely valuable for him. More importantly it will give him some sense of a goal to occupy his time. Career-wise, it also allows him to sell a story to the next employer about leaving you "to further training". Having managed senior employees before who go through difficult times either through family commitments or health issues, I would say try to think about it on a human level. Not everyone is a 10x fresh grad and I can guarantee you will one day go through the same experiences. I say this as a top school grad who used to be very arrogant in my early 20s but now discovering life's challenges can take a toll on your performance and mental state.