No surprise this idiocy is happening in other areas too. There is a special kind of mental disability you need to have (or acquire) to be an economics graduate: A total inability to see more than a few months into the future and a total inability to do any kind of risk management. It worked? Everything must be more than fine and surely we can do it cheaper, right?
That is why people with critical institutional and technological skills are not treated even remotely at their value, let alone critical for organizational survival. Tech history is full of big names that are not around anymore or only in massively reduced forms. And in most cases, it is because some "managers" did not manage to think.