I do not know anything about the NYT. But I have seen large European corporations:
5 layers of management: 3-4 of these layers doing nothing but exchanging and adjusting project plans (using Power Point!) with each other - and of course: finding arguments to increase their project's budgets. And of course making a lot of fuss about their busyness.
I have also heard of a project which needed to cut costs. This is what they did: add another one or two managers, reduce the staff of developers (who do the actual work) by two and cut all others' hourly wages.
If a project has a good manager, that is great!
But unfortunately my experience tells me that for every great manager there are about 20 managers who act like a trainee.