Even among the toolchain-related projects, they have some different maintainers (though some in common), different governance structures, different mailing lists, different release schedules, different source trees and not much shared code infrastructure (the only bits I can think of shared between GNU toolchain components are libiberty and libbfd, though the latter is quite sizeable).
This is true but I'm interaction with these people enough to notice that despite all that development happens in all these projects simultaneously. When you need to add, e.g. something like ifunc you need to change GLibC, binutils, and GCC in a lockstep - and this is done by the same people without regard to any other projects. To me it looks more like a large single project which is complicated by artificial division between glibc/binutils/gcc rather then three separate project: you still need to introduce changes in all these places but additionally you need to write code which will detect version skew and disable these features appropriately.
The division lies at the different level: in GCC there are few layers (SSA, RTL, etc) and developers who work with different layers know less about other layers then "low-level GCC people" know about binutils and glibc!
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