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Is the Annual Performance Review Dead?

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The answer seems to be "yes" according to recent articles:  Is the Annual Performance Review Dead ? (this article explains how GE  replaced annual evaluations with "more frequent conversations and introducing an App to help employees' managers and teammates share feedback"), Microsoft kills its hated stack rankings. Does anyone do employee reviews right? ,  Why Adobe Abolished The Annual Performance Review And You Should, Too   or  Death To The Performance Review! Long live the performance review. The  Traditional Performance Management model  combines the annual evaluation of objectives, competencies and associated compensation in a coherent and elegant way: 1 Objectives are defined at the beginning of the year. 2 At year end, a meeting is held to review the achievement of the objectives and assess progress in relevant competencies for the job. The appraisals are subject to a forced distribution to ensure not everyone is a "high performer&q