Is this that surprising? In my experience it's less prevalent/institutionalized in tech consulting, banking, etc. where the "up or out" philosophy is much more

Is this that surprising? In my experience it's less prevalent/institutionalized in tech consulting, banking, etc. where the "up or out" philosophy is much more transparent e.g. if you aren't promoted in a certain window of time (say 2 years) to the next level then you're expected to leave.