The issue is that once you hire a dozen engineers to do this (say for 5M a year in total), and they do it for a year, they save mid 8 figures (keep in mind this was the largest service, so the savings across other services will be smaller).
Then can they keep saving mid 8 figures every year?
I'll paraphrase something I previously wrote privately, but imagine you have some team that's able to save 10% of your fleetwide resources this year. They densify and optimize and improve defaults. So you can now grow your services by 10% without any additional cost increase, and you do! The next year, they've already saved the easiest 10%. Can they save 10% again? Can they keep it up every year? How long until they're saving 3% a year, or 1% a year? And that's if you keep the team the same size, where its clearly loosing money! If you could afford a dozen people to save 10%, you can only really afford 1-2 to save 1%, but then you're likely to get an even smaller return.
Unless you expect to be able to maintain the same relative value of optimizations every year, 3 or 5 years out, its not worth it to hire an FTE to work on them.
I should note that I've experienced this myself: I was working in an area where resource optimization could lead to "significant" savings (not 8 figures, but 6 or maybe 7). My first 6 months working in this area, I found all sorts of low hanging fruit and saved a fair amount. The second six months, 5-10x less ROI. I gave up even trying in the third six moths, if I come across a thing, I'll fix it, but its no longer worthwhile to look.