Everything the parent comment mentioned is exactly what we see. Laughably, our middle manager berates us as incapable noobs, entirely unaware that some of us at least actually have been very valued and trusted and dependable hard core results driven engineers for decades. It's like a failed brainwashing attempt, and it's embarrassing to be associated with such idiocy.
I contrast it with excellent experiences at Sun, Motorola, Apple and others over the past 20+ years, where in some cases I had very high engineering ranks with fabulous results, in very well run and just healthy orgs.
I do believe there's intentional treatment of engineers as fungible assets, because the engineering quality is so shoddy and the business plan prioritizes maintaining system uptime, with no true priority given to tech debt removal, which actually would in short order surface measurable benefits.