I worked at a company like that which was certainly no behemoth. Maybe 100 people or so? It's more the culture than the headcount. They did outsource some development to a local company which was performed admirably, but they were probably paying 2x-3x what they paid in house developers. I would assume the managers had to outsource because there weren't enough people available due to difficulties hiring and retaining staff. But staff retention was a whole other issue that wasn't entirely related to pay. I've heard it's gotten better though. Perhaps after all of us ambitious people left, they hired people who were more in line with the corporate culture.