Glad this thread's been resurrected. The new year has given me new impetus to continue keeping work in perspective. I refused, for example, to make any new year resolutions pertaining to my work.
Yoga I think talk of things like performance review can become quite over-blown both IRL and on MN. This makes these things seem ubiquitous, terrifying and perhaps inevitable. I completely agree with your assessment that it makes me feel like I should care/be worried about these things because everyone else is.
Most people will know of someone who was put on performance review, or who was shifted to a teaching-only contract, or who was ushered out of the university etc. When I go to training sessions, for example, I find it doesn't take long for stories of pressure, management and how bad life is in other departments to start being told.
However, I think like most things in life those with the most "extreme" experiences are the most keen to tell their stories or to get advice and so become the most visible.
I found similar just before I started my PhD; PhD forums were full of people with awful tales about terrible supervisors, inadequate support, plagiarism, harassment etc. The forums weren't populated by people (like me) who's experiences could be summed up as "fine, sometimes really quite enjoyable". So I went into my PhD believing the myth that a PhD is, or should be awful and terrible and isolating and demoralising. I found it wasn't, it was fine.
I find the same thing now in an academic job. The most visible and vocal people are those with extreme stories to tell which creates the image that things like performance management are everywhere and if you're not engaged in that, you're doing something wrong.
Over the last four years, there's only been one person in my department (of about 50 academics) who's been on performance management and that was because his behaviour was extremely problematic (think threatening students, shouting at all...).
So, one person on performance review out of fifty people, in a four year period which included a disastrous REF outcome? Those are pretty good odds to me...