Yup. Or as in the movie "Fun With Dick and Jane" when you pull into the parking lot and they are removing your name from the reserved space.
BTW "Fun" was a very funny movie even though it does star Hanoi Jane. Guy gets laid off and proceeds to go into the robbery business. His first attempt at robbery at an all-night drug store is VERY funny.
That used to be standard operating procedure in the oil industry, 30 years ago.
More recently, they've gotten much more sophisticated. They call you to the boss's office early one morning, and you walk in and the Death Angel from HR is sitting there with the boss, waiting for you.
Or the boss comes by your office and closes the door behind him and pronounces the magic words, "Bob, you got a minute?"