Found in 2 comments on Hacker News
jkolko · 2012-07-19 · Original thread
For what it's worth, this was common practice in tech in 1999. It's called Topgrading; it was started by Welch at GE. You can read all about it at http://www.amazon.com/Topgrading-Leading-Companies-Coaching-...
dpritchett · 2012-05-02 · Original thread
It appears to be a reductive staffing methodology invented by this book: http://www.amazon.com/Topgrading-Leading-Companies-Coaching-...

The key points:

- Hire people who are awesome

- Fire people who aren't

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