In fact, for a couple of quarters, I was asked to name the lowest performer on my team, and then that person got ranked as one of the lowest performers across my manager's org, and it put me in a shitty situation as a manager because the engineer wasn't actually at PIP stage yet (and we didn't ever go to PIP) but it basically soiled their chance of being promoted for however long the other managers will remember seeing that name on the "low performer" list.