Treat your bad performers with dignity.
It is far too easy to get caught up in the moment and treat someone like you don’t want be treated yourself. You think that employee is not working out and your goals are being impacted, and your bonuses are getting reduced. In a cut-throat culture that favors fire faster to preserve efficiency, it is easy to lose sight of the fact that the other person is human, inherently flawed and not perfect. And, certainly at the wrong place at this point in time.
Treat them with dignity. Give them options and part ways gracefully. You never know the full picture.