My experience is that the more politics and BS and organization has, the more you can coast. Individual performance can get lost in the noise.
Even in orgs that have their stuff together, I see a preference for internal transfer over termination. I think it's some sort of HR sunk cost fallacy.
My experience is that the politics and BS lead to BS ratings that go against the written policies because there are contradictory backroom policies.
In this market, we can't seem to hire anyone (we aren't competitive on salary). So I guess it makes sense that they want to keep the low performers since they wouldn't be able to backfill. This still sucks since there's a lot of stress dealing with poor ratings and not know if you will get fired. And then even if you do work hard and perform well, there'd no guarantee that will increase your rating or comp.
I'm kind of coasting myself (not being a leader/taking anything big on). What I like it about it is, I can leave work at work after work and focus on my own things that are more challenging.
At the moment I burned money/got into a lot of debt trying to get a start up going. When that failed I just grabbed the first job/company that gave me an offer. I'm not that pumped about what I do but I can deal with it for now. Pay is still good for my level (low six figs) and it's 100% remote.
Even in orgs that have their stuff together, I see a preference for internal transfer over termination. I think it's some sort of HR sunk cost fallacy.