This is false. It's a great way to INCREASE productivity and morale. Good workers HATE working with lazy, dumb and inefficient workers. But constantly getting rid of the low performers and replacing them with better people, you are instilling confidence in the system.
If your entire org is filled with lazy low performers, then it doesn't matter if productivity and morale is destroyed, because they don't have high productivity or morale in the first place.
Again, the real world isn’t that simplistic. Look at the way that’s worked in the past, and remind yourself that all of those guys thought they were also smart and onto a brilliant move.
If your entire org is filled with lazy low performers, then it doesn't matter if productivity and morale is destroyed, because they don't have high productivity or morale in the first place.