Yeah, at my last place before I left, they were looking to do a rewrite of their main project that had been the result of years of hundreds of developers working on it. The time-scale was wooly, but was expected to be between 5 and 10 years and probably require ~200 developers and testers.
This was rewriting millions of lines of code, very little would be reusable.
I don't know if they went ahead with it or not, but it was looking like it would descend into chaos.