The Intel annual review process is one of the most toxic programs at Intel and is a key contributor to the malaise going on at the corporation today. There are more companies, for example https://finance.yahoo.com/news/amazon-promises-change-hunger-games-190252111.html , realizing you cannot turn the workplace into an "every man for himself" environment. Companies must tap the entire pool of human capital. The Jack Welch approach to stack ranking becomes more and more outdated as more and more of us "old timers" are leaving the work-force.
After 22 years in FSM Engineering, I was one of the fortunate ones to be offered ERP and got out in June. I spent my entire career as an IC. Intel was once a great company ..... sadly, not today. I could write pages about "then" and "now" but have more fun things to do....