Wrong. Google has the exact same problem, only they chose to rewrite Perforce.
The scale of these codebases is way outside what most people have experienced and it might behoove people to realize that a lot of conventional wisdom might not apply. E.g. last time I checked, Google's codebase was >2Billion lines of code.
Google has 30,000 engineers working on a "monolithic" codebase and remain relatively productive despite (or perhaps because of it). There are whole sets of different problems at this scale.