There are plenty of ICs who coast there, but what's far worse are the groups of ICs who are all pushing hard in different directions because their leadership isn't taking charge. IDK if middle management bloat exactly is the problem either, but there's some kind of ineffectiveness, maybe even at the top.
One low-level issue is how long everything has to take because of tooling. Engineers have way too much patience for overcomplicated garbage and tend to obsess over pointless details. Kind of in the opposite direction of coasting, but still a real problem.