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Might still be correct. Levels 1 to 7 are before reaching director. Once you get to director, I believe the performance expectations change. For example, I don't think directors need to be managed out as part of the quotas. I am guessing a lot of these layoffs are going to be done as part of the forced attrition quotas.

Well this is completely wrong. It's hard to trust the rest of the article when they can't get the basics right.

Well, there was no comma in his first sentence. It's hard to trust the rest of the comment if he can't get the basics right.

c'mon... incorrect facts are a different level than a missing punctuation mark.

They're probably reporting that old-school D&D (sans A) saving throws are needed to maintain employment at those levels . . .

So what is reasonably right-ish?

This is correct, people above L7 aren't considered part of regular performance management.