Not really, especially Facebook (Meta) moves really fast. They have a slogan "Move fast, break things", okay not "Break things" anymore. But you get the gist, in my experience working at almost all of FAANG, Meta and Netflix move the fastest.
It could be different for other teams, but in my team we spend a lot of time writing design docs, discussing new features (which we never end up implementing), taking a lot of time in code reviews, making sure that public changes are backward compatible. Hence at the end producing very little output and wasting tons of time in the due process.
Sounds like us tbh. So many hours wasted writing deeply technical documents that only few engineers have the background to go through, too many hours wasted on huge ass documents supporting PoCs. Ugh.
