Frequent reorgs, no communication between the product managers and the groups that are supposed to make their vision happen.
Frequent changes in scopes of work.
Too many single points of failure in a positional sense.
No equity in pay. You can come in very low, work your way up for years, and the unqualified person that replaces you makes magnitudes more than you ever did, when they decided not to promote you further because of 'budget reasons'
Less and less company loyalty to employees, and now layoffs.