Nearly everyone with this phase in their job title are glorified secretaries/messengers.
Their jobs are to pass messages between people, schedule meetings, and paste other people's work into PowerPoint.
These people have no original output. Everything they put forth as work is really the work of other people.
Why does Wells Fargo pay so many people 6 figure salaries to never perform original work?
Seems like a good opportunity for cost savings. Put that money towards positions whose work actually progresses the company.