Big companies can be incredibly penny wise and pound foolish because their beancounters make them obsess over the wrong metrics. My current company has spent the last year cost cutting every single way to stay afloat and now you need a chain of approvals up the management ladder with detailed explanation for every paperclip you want purchase.

I can't prove it, but I am willing to bet my entire salary that the costs of all the new extra bureaucratic overhead introduced for small purchases, nullified or even exceeded all their savings, when the remaining engineers and managers paid six figures have to spend more of their time writing, reviewing and approving paperclip orders instead of you know, running the company, fulfilling customer demands and innovating.

I'm pretty new to this, but I have a feeling these are all the signs of a company it's worth jumping ship from ASAP as there's no chance of things improving back from this. Sure, AMD managed to turn the ship around with cost cutting, but our CEO is not Lisa Su, he's a boomer who cuts where the clueless $BIG_4 consultants tell him to cut, and big_4 doesn't care about innovation or the company being relevant in 10 years, they care about showing some immediate results/positive cash to justify their outrageous rates.

And they're probably feeling the need to pinch because they are moving slow and falling out of relevance.

When you're being outcompeted and outmaneuvered it's important to slow down and make sure you save a few dollars wherever possible, apparently.