In last 5 years, I have worked at 2 Faang and a large hedge fund and everywhere they had extremely outdated stack or undocumented in-house stack or outdated undocumented in-house stack. Already derecated dependencies were pinned years ago and management won't let you modernize anything since there "no business value in it" and we need to ship a feature instead and if you still insist to refactor and modernize and something goes wrong, now you are personally responsible for the outage. The effort you spent successfully upgrading decades old stack won't count in your promo packet.
There is just no incentive to upgrade anything beyond security fixes. Rewrite to chase the latest fad is frustrating but using technologies which don't even have online documentation anymore is equally if not more frustrating.