I am a former L7 SDM at Amazon. Just last year I had to contend with not one, but three teams doing the same thing. The faster one won with a half-baked solution that caused multiple Sev-1s. My original comment was half in jest; the actual way this works is that multiple teams discover the same issues at the same time and then compete for completing a solution first. This is usually across VPs so it’s difficult to curtail in time to avoid waste.
Speaking of waste, when I was at Alexa we had to do a summit (flying people from all over the country) because we got to a point where there were 12 CMSs competing for the right to answer queries. So yeah, not frugal. Frugality these days is mostly a “local” concept, definitely not company-wide or even org wide.