Honestly, having worked directly & indirectly for a multitude of large enterprises over the last couple of decades, every large organisation suffers from this.

It doesn't matter if their private, local, state, or federal government, charity, or whatever - the larger the organisation, the less efficient, and more failed projects there will be.

My personal opinion is that this is caused by a combination of communication overhead, politics, and larger organisations giving more places for useless / lazy people to hide.