How to reproduce:
1. Open the user-attached project “PasteAsChildBug”
2. Open the “SampleScene” scene
3. Right-click on the “Sphere” GameObject in the Hierarchy and click “Cut”
4. Right-click on the “Cube” GameObject in the Hierarchy and click “Paste As Child”
5. Observe the “Sphere” GameObject’s position

Expected result: The position of the GameObject remained the same as it was before cutting
Actual result: The position of the GameObject is not preserved because it was affected by the Parent GameObejct

Reproducible with: 2021.3.28f1, 2022.3.5f1, 2023.1.4f1, 2023.2.0a23

Reproducible on: Windows 11 Pro