“What value are you bringing to the company?” translates to “if you’re not printing money, you lose your job.”
Any manager who doesn't push back when given a perverse incentive should be fired. They are not leaders, they are followers... And not even very good followers.
I once worked on a project where the goal was to improve the reliability of MS Teams. The skip level manager was not happy when we said we cannot estimate what the revenue gain would be because it can't be measured.