The company suffers from poor management and a lack of transparency, particularly regarding bonus schemes and end-of-year reviews (e.g. your score gets 'calibrated' by people who you've never worked with or met).
It once prided itself on a strong company culture, but after the COVID-driven sales boom, it overhired without planning for a potential slowdown. As a result, the shift to a non-growth scenario has significantly impacted employee morale.
The company is continuously losing both clients and employees, with layoffs happening frequently. Management's attitude suggests that unless you are at the C-level, you are not considered worth retaining. Employees are let go without any effort to restructure or redistribute workloads, leaving remaining team members overburdened without additional compensation.
It appears that the company is intentionally creating unpleasant working conditions to encourage voluntary resignations, likely as a cost-saving measure to avoid severance payouts.