I've definitely found what you're describing at bigger companies, but I also previously had experience writing software at smaller non-technology companies.

Legal marketing specifically. Weirdly, my work had more impact, respect and longevity there than the place where I'm a much more senior engineer supposedly directing the work of a whole organization of engineers. I had it better where I was a 1 of 2 than a leader among hundreds.

Small successful companies are great, but the hardest thing for me psychologically has been when I'm at a small company that is struggling to convince anyone to use its product. Being a small cog in a giant machine serving lots of users is more satisfying (to me) than building things that nobody is using.