This is unfortunately a widespread practice even in less tech heavy companies. It starts with a very aggressive C suit or manager responding to everything 24/7, supported by “cheap” labor who say yes to everything and promise the World, usually extra complicated. Fast forward a couple years and the company/project is a expensive hell-hole of disfunction and suffering. CEOs and the board also are to blame for this, they are aware, they just don’t care as they like people who say yes and don’t give them any bad news.