Absolutely this. At a place I worked previously, due to a tight budget, instead of doing the sensible thing and not having a party (or letting teams organise th

Absolutely this. At a place I worked previously, due to a tight budget, instead of doing the sensible thing and not having a party (or letting teams organise their own smaller bashes), the company cheaped out and rented a basement somewhere into which we barely all fitted. It was cramped, noisy and expensive. One employee got drunk and had a fist fight with the restaurant management after knocking down the sliding wall between us and the next room of 'revellers'. It was totally grim, but all in the name of being the kind of company that has Christmas parties. I handed in my notice the next day iirc.