Why is a single repo required for everybody to see all the code? Tools like gerrit and github can handle multiple repos and provide commit access for multiple repos among a large group of people. If it were my company, I would keep separate repos but allow read and merge requests for all employees. That keeps everybody involved in projects across the entire company, but also allows them to notice when individual projects get spaghettified and thereby deserving of some cleanup/breakup into components. A GB-scale codebase does not help smart, new employees grok what the hell they can contribute.
It's not a matter of being able to see all the code, it's a matter of being able to see and modify all the code. It allows you to have a "just fix it" culture when people see something's broken, and it lets you write changes that span multiple projects without worrying about how your change will behave when it can't be committed atomically.
