Company motto is "cut, cut cut", rather than working smart.
The company goes through a company wide lay off every year - at least for the past several years it has been this way. This impacts morale and employees are always whispering around the water cooler about when the next lay off is (a hostile atmosphere) The company wants to change for the better but struggles with it.
VP level and above is very much a good old boys network. Instead of hiring competent leaders, they place someone from their inner circle in the role.