Yes, but those are the ones that get paid more. So you get rid of a big financial drain, and then you can hire cheaper people and dump more work onto them.
It works great, unfortunately.
Remember, the C-Suites of today don’t give two fucks about the company they’re ‘running’. They want line to go up so their pay goes up, and so they can use line-go-up to golden parachute to the next company where they repeat the process.