The owners cashed out and abandoned the company two years ago, and is now run by inexperienced, young managers
Outdated technology (much of the stack is written in outdated PHP libraries)
Lack of technical expertise
Endless meetings to discuss non-existent products
Crisis-driven development (fires are constantly needing to be put out)
Company retreats, which used to be hosted in Hawaii, have been cancelled for the past few years
Company has no direction and no new products
Company is no longer productive due to "culture of blame"
Many of the good people responsible for early success have already left
No career advancement
Low compensation
Company product hinges entirely on fragile JavaScript hacks