I should add that this happened to me as an employee of a fairly large telecom startup. The common term is 'washout round' [1] and this practice is not entirel

I should add that this happened to me as an employee of a fairly large telecom startup. The common term is 'washout round' [1] and this practice is not entirely uncommon. [1] https://www.investopedia.com/terms/w/washoutround.asp https://www.investopedia.com/terms/w/washoutround.asp