Yep. I've actually seen this said about the school I went to.
This usually means:
The person saying it was cut heavy and withdrew.
The person saying it was cut heavy, got a bid to a chapter she did not really like, and is trying to make herself feel better.
The stronger chapters DO CUT HEAVIER with the RFM in place but that does not = 50% of PNMs not getting bids.
Certain chapters will at times have to make a 50% cut (I've seen it that high before for the most historically strong chapters on a campus.) That does not mean every chapter is. Most of them are not and generally speaking, most universities (even your Bamas, IUs, etc.) have placement rates in the high 90% range.)
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