This is a giant mess waiting to happen. Eventually the pace of development will slow to a crawl as incoherence of the technical decisions made build up. Then when the developers leave, forcing the next guy to work to understand now-legacy projects, all of a sudden the velocity the company has heretofore enjoyed will be gone.
It has been this way for 10 years and predates me working there. The pace of development remains unchanged as far as I can tell over the time I've worked there, regardless of whom left and was hired.
I was pointing this out not to say it was a good thing but rather that the premise of [Quality == Speed] is flawed.