Jenga is a fantastic analogy
A friend works for a company that depends heavily on its people and has gotten much larger over the past year. New executive leadership promptly brought in former colleagues and gave them the fancy titles you mention, passing over long-term employees. There's already been some attrition, with a ton of institutional knowledge walking out the door. I get the idea that as a CxO you want to surround yourself with familiar faces, but this seems short-sighted.