That's right, that's why a lot of company management needs to be smacked down and if necessary fined and jailed. That laser focus on productivity is a cancer on society.
The problem we have is precisely that we consider things like this "policy disagreements" even when they're happening on a massive scale and causing enormous harm to society. If we're talking about some small company where the manager decides to push a bit harder, okay. But when it comes to multibillion dollar companies shoving their profiteering mindset out on everyone, it's no longer just a matter of internal company policy. Poisoning society with a single-minded focus on money is in its way as bad as pollution, and it needs to be stopped.