I work for a big company where they believe in the cog-in-a-machine idea so much they actually implemented a process they coined 'the factory process' with the emphasis on being able to swap in team of developers at the drop of a hat.

Noone had read the mythical man month, or Spolsky's 'Hitting the highlights' (or named something similar to that).

I can testify first hand that treating software engineer like cogs is a road to slippage, bugs and all the good engineers leaving!