I've literally witnessed teams where a single contractor out-performed a team of twenty people by a factor of 10 because they were reasonably competent. I guess this is where the myth of the 10x programmer comes from!
The very unfortunate thing is most of my ex-colleagues have climbed the ladder to a point with no perceived way down or up. They think they are “managers” and believe they are equivalent to one in tech, but no tech company wants some 7+ year tenure Accenture “manager” managing their engineering teams when all they’ve done is sent out product specs to an offshore team. Even if that offshore team is awful, they’re still doing the hard work of architecting and creating the code. The onshore “manager” is just a face for the team.
Some are genuinely good at their job, but they’ll need to transition to non-tech F500 companies to do anything with a similar prestige to what they’re doing now.
I mean, if you don't get fired, make a nice salary, and you don't care about actually doing interesting work with technology, then I suppose it's not that bad.
If you try to change jobs, especially if you decide you wanted to actually learn real tech, it's a real burden.