Yea I had to Google their total headcount when I saw the headline since the number does sound high, but in reality is only 5%.
When you factor in low performers and how most people here would view middle management in any other topic thread, it's not that insane. If in a pool of 20 workers around you, you can't find 1 worker you don't think is a step below the others, your hiring pipeline is better than most.