Contrary to popular opinion on Blind, I love working at Facebook. I was at Google for 3 years before this. AMA, I won't be a b*itch
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1) FB performance ratings are assigned according to a fixed distribution, and 10% of engineers receive the lowest "meets most" rating in each semiannual review.
2) Those who receive two consecutive "meets most" ratings are PIP'ed out of the company.
This means that a smart manager can simply rotate each of her team members through one nonconsecutive "meets most" rating and avoid putting anyone on PIP. But in practice, this rarely happens because managers strive to maintain their credibility to avoid being PIP'ed as well.
A friend of mine joined FB at E4 and left after two years to join Google at L5. He thinks that working at Facebook reduced his life expectancy by a few years.
There is also a third fact about FB, documented elsewhere by its employees on Blind:
3) Those who are not promoted from E3 to E4 within 24 months receive a PIP, and those who are not promoted from E4 to E5 within 33 months receive a PIP.
A PIP (performance improvement plan) is how FB and other big tech companies create documentation to terminate employees for performance reasons. Its duration and name vary by company, but it often starts 1 month before the employee is terminated.
Given that the OP disputes these facts, this thread may be a Facebook HR ploy to improve its image on Blind, since Facebook's hiring difficulties and its stack ranking forced employee firing system have recently been publicized:
https://www.cnbc.com/amp/2019/05/16/facebook-has-struggled-to-recruit-since-cambridge-analytica-scandal.html
https://www.businessinsider.com/facebook-recruiting-2019-5
https://www.inc.com/minda-zetlin/facebook-culture-cult-like-former-employees-report.html
Supports my viewpoint = Facts
Refute my viewpoint = HR ploys
You said these are "documented facts" but only #3 is really documented (even then you don't always necessarily get a PIP). The articles you've cited so far is more speculations from external perspectives than proof. CNN could speculate all they want about Amazon firing bottom 50% of their employees all they want but it doesn't make that a fact or documented.