As a young engineer I took a job at Exxon where they described their forced ranking system as vital to their success.
I soon saw that it entrenched the most selfish political types while destroying job satisfaction & teamwork across the company.
Much later I took a job teaching in a charter school where this Exxon forced ranking system had been adopted.
Predictably, there was tremendous turnover, dissatisfaction and poor management with political connection required for advancement.
Now we have companies like Amazon taking a bad system to new heights. In the long run this will not produce the best results as too many talented people flee the abusive environment.