There are downsides to this approach, however.
If your team is not critical, at least in the eyes of upper-management, then you'll be first on the chopping block in the next downturn.
But if you are critical--say, running critical but unsexy infrastructure--then it's all downside risk with no upside. If things work, they ignore you, but if they mess up, you get the blame and the spotlight.
As with any business/career advice, there are no silver bullets, only trade-offs.