This is due to profit driven management with their kpi set by senior management mah.

You don't know they have to answer to investor so every year very concern about the financial curve etc.

So every division / department need to be lean and mean.
So manager get to keep their good high pay.
Just cut and starve the engineers.

That's how many division been doing it for years.
So the engineers who have skills quit etc. End up division can't deliver goods.
Can't innovate. Can't hit sales.

So end up? You'll think let's change the manager cause clearly they can't boost the business sales so why keep high paid managers? Right?

Nope. Wrong. When division can't sustain, cut manpower, cut outsource, cut admin, cut spending.
Cut budget, cut allowance, like recently my division is already starting to be particular about OT claim.

Before this, must OT cause less manpower... Covid. Deadline same.
Then management know asking can reduce OT or not. Cut resource. Then also want to cut OT.
But deadline still must meet.

Then when this disaster is saved... Engineers burnt out, quit. Low increment. Bonus doesn't match the extra hard work. No promotion...

And ofc manager get promoted even higher...
What logic.