I agree, my experience working in large organizations is that there is a ton of bloat everywhere you look.

I also think it would be good for the industry, too many really talented people are tied up in these super high paying jobs at the top companies, when they could be contributing elsewhere (the "golden handcuffs" effect).

In fact it was always my assumption that companies with basically unstoppable revenue streams (Google, Facebook, Visa, etc.) were, in part, overpaying and over-hiring just to remove the top end of talent from the market completely, and reduce the risk of being disrupted from startups and smaller competitors. It's interesting that they are finally backing away from that - I imagine that the AI boom has made them feel threatened for the first time in a long time.