Not sure where you've worked but in my experience based on established finance firms, a scale-up and FAANGs, layoff-rounds - especially early ones - have a high

Not sure where you've worked but in my experience based on established finance firms, a scale-up and FAANGs, layoff-rounds - especially early ones - have a high mix of low and borderline performers. Being in that cohort obviously hurts you - though obviously nothing is guaranteed.