This is the norm at large tech companies and, IMO, a huge problem and major detriment to productivity within organizations as the cost of that added complexity is paid by everyone.
BUT, at least very occasionally I have seen people get promoted for simplicity, I've even successfully made the case myself. With a problem that was itself so complex that it was causing fires on a regular basis, and staff & principal engineers didn't want to touch it with a ten foot pole. When a senior eng spent a couple of weeks thinking about the problem and eventually figured out a way to reframe it and simplify the solution, melting away months of work, making the promo case was actually quite easy.
The problem is, the opportunities to burn down complexity like that don't present themselves nearly as often as the opportunities to overcomplicate a thing, which are pretty much unbounded.
BUT, at least very occasionally I have seen people get promoted for simplicity, I've even successfully made the case myself. With a problem that was itself so complex that it was causing fires on a regular basis, and staff & principal engineers didn't want to touch it with a ten foot pole. When a senior eng spent a couple of weeks thinking about the problem and eventually figured out a way to reframe it and simplify the solution, melting away months of work, making the promo case was actually quite easy.
The problem is, the opportunities to burn down complexity like that don't present themselves nearly as often as the opportunities to overcomplicate a thing, which are pretty much unbounded.