No. They are being promoted to Middle Management positions or are given a title equivalent to "Masters" of their craft. The ones who turn left towards management at the fork in the road typically wanted to stop keeping up with the technology and tools of the company years ago, but they like the culture. The ones who master their craft and continue being practitioners of it are not usually best suited for dealing with people problems. I'm not knocking either and can understand both motivations.
However, this forces early career folks to take orders from (1) a MANAGER who doesn't understand the field they're in and (2) a bunch of MASTER CRAFTSPEOPLE whose roles and authority over them aren't quite clear. Are they mentors? Are they bosses? Etc. Navigating this dynamic is confusing at best, and torture for many.