Regardless, many companies underspend by an order of magnitude on dev tools. If a tool makes you 1% more efficient, it's worth them putting 1% of your annual salary into it (multiply this by engineers at the company who need the tool). Soon you'll see that a tool costing hundreds of thousands to license a year is often a steal.
So you may say "oh splunk is overkill and unfair expectation" but in their CI/CD system, if your job failed (frequent occurrence) and you wanted to search for something in there you'd manually DOWNLOAD a 300 meg file to your machine and grep it for errors.
Basically a fang engineer's time costs $3 a minute minimum, so if a query could save 1 minute then the break-even cost is paying up to $3 to run that query.