This has been my experience both in the case of a bank (where technology is an operating overhead) but, surprisingly, also in a tech startup at the stage where it was maturing beyond 50 employees. Even more surprisingly, we are speaking of a tech startup where the CEO, CTO and most senior product manager are all engineers. But they got into those positions when the company was just a handful of people and seem to have forgotten about their roots. What is going on now is that there is little to no real carreer mobility for newly hired engineers, and the company now has more non-technical than technical people, who have built up a caste system where they keep engineers out of the decisions that matter.