Annual bonuses were eliminated for the majority of employees. Management sold this as a good thing, citing a move to re-benchmark salaries to the 65th percentile from the 50th. They didn't do this and recently decided to move the target back to 50th, basically meaning they gave most employees a significant, permanent pay cut. When they announced the renege, they also announced other pay cuts. This amounts to them cutting our pay 2 years in a row. This, combined with declining quality of benefits for a higher cost, constant layoffs (about every 3 months like clockwork for multiple years), and increasing demands on each employee, are a recipe for burnout.
If you like employers that stand by their word and value their employees, this is not the company for you.