Truly I have seen article reviews ruin a budding research scientist's career. Of course one could argue that other problems contribute to finding themselves in that position.
I would think that if peer review ruins a scientist's career, it would only be through a lack of support from the advisor. If the review is accurate the advisor should support the revisions, and if the review is totally mistaken the advisor should support resubmitting elsewhere.
I strongly believe that review could be almost exclusively through positive feedback, with crowd-sourced minimal annotations in the margins, i.e. "the idea in this paragraph came from <earlier paper link>", and "this idea is novel; wish I thought of it", and "there is a strong analogy between this paragraph and <some other tangentially related idea>"
At least in chemistry where I work, a rejection rate of 9/10 at the review stage would be very unusual. It is possible that reviewers in the triage stage are harsher but I never see these reviews.