I could imagine that someone's plan could be like this: "Our current company has more managers than developers, and the software development is very ineffective because we spend a lot of time in meetings, doing various bureaucracy, and changing things over and over again, because the managers insist on making technical decisions, etc. We could do the same thing with a fraction of the workforce, and also work from home instead of renting an expensive place in the middle of an expensive city. Then our product could be cheaper and we would could still work less and have higher salaries."

Whether this is realistic or not, I can imagine some people actually believing it.