We're hearing that what's old is new again in Silicon Valley,

Stack Ranking, it's back in full force,

so some of these tech companies continue

to rein in cost during what's been multiple years now

of efficiency.

They've largely done this through layoffs.

So Stack Ranking, it's sometimes called Rank and Yank.

It's the practice of ranking your workforce pretty much on a bell curve

and then cutting the bottom percentage of performers.

Shopify with the latest spin on it. The information

reporting Shopify has a new system where employees compete for raises. They've got

something called a mastery level giving employees a numerical rating and then

only those who scores increase in a certain review

period are then eligible for raises.

That's according to the report, Shopify cut 20% of its workforce on top of an initial 10% and

then other big tech companies

have gone through similar layoffs. They're notorious for similar types of

internal ranking systems. Meta, for instance, recently raised the bar for its

employee ratings and then Google.

It's getting pickier about who it labels as a top performer,

while Amazon is reportedly not giving raises

to anyone at the L6 level or higher,

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