Yea, my company used to do this year round. It was a horrific and toxic environment. It didn’t last long at all.

But, announcing layoffs and asking managers to rank everyone is a different animal. Performance based cost cutting seems to make the most sense and ranking everyone worst to best is the way to do that.

It sucks any time a company does layoffs, but it’s much better as a one off exercise than as a yearly practice, that’s for sure.