It comes from far too many layers of management and empires that constantly need to align themselves, document things, track things etc.
In my experience, every layer of manager adds an order more of red tape, meetings, and complexity.
And when they couldn't do it all, instead of removing managers, they started asking rank and file to do the same meetings and produce enormous status reports so that the layers can read it all.
Everyone is wasting time without asking the root question: Is having so many managers and management pyramids worth wasting so much time of the most productive people of the company - the people actually producing whatever you produce.