If I understood the slide deck correctly, the S3's will all be ranked against each other and somebody will have to fall at the bottom of that pile of "do gooders" and consequently will be paid (or not paid) accordingly. These S3's are not used to being at the bottom, so it will be interesting to sit back and watch it all play out this fall. Me? I'm glad to be an S2, ranked against the other S2's and S1's. To answer the original question.....CURSE, IMHO.
S3 that ranks low after first year becomes an S2 with bigger pay, no extra jobs. What curse? Job security, bigger pay and better things ahead...predict some of the few given the choice to stay as the cuts begin. Blessing, hands down.
It's a curse if you want to be let go to collect severance and move on to truly better things ahead (i.e., pharma is so over).
Severence is not much and weeks go fast. Stop complaining, you can move on now if you mean what you say.
"Curse" because none of your co-workers like you and they sure don't want you coming to ride along with them.
I say let them have at it....Do S3 really think they have the skill sets to do better than anyone else? The entire process was politically drive and a true farce...