This reminds me of something a team lead at my company said today:
One competitor of ours created a product together with an external service provider, with a budget of about 500m EUR. Our company created an equivalent product in-house with 2 people and no additional costs. Huh.
Every once in a while you work at a company that only hires people who know what they're doing, and suddenly its 20 people doing the same work as 400 somewhere else. There's zero meetings, everyone talks once a week on slack, and you go huh, how much garbage is there actually.