I've heard this, and I've even seen it in plenty of poorly performing businesses, but I've never actually seen it in a highly performing, profitable tech company. Other than at the new grad level but it's treated as net-negative training while they learn how to build consensus and scope out work.

Not coincidentally, the places I've seen this approach to work are the same places that have hired me as a consultant to bring an effective team to build something high priority or fix a dumpster fire.