No Career Longevity:
The culture changed from people caring about their jobs and building a career at GoDaddy.com to people that come from Amazon, Microsoft, Yahoo, etc to job hop and leave after 2 years. If you aren't an executive or job hopper and you actually care about the company or your career at GoDaddy, you get stuck at the bottom rung.
Bad Raises:
Have heard managers / directors say things like "I don't give meaningful raises because everyone Job hops anyway, so its a waste to give people more money. "
Bad Promotions:
In the last year, I think everyone that has gotten a promotion has been a new hire; those people rise quickly. Long term employees do not.
Bad Director Level Decision Making:
Because most of the management is new, they don't actually know much about how GoDaddy works or about domains or the purchase path. And because their goal is to work there for short period then Job Hop, they make decisions that try to get product to market ultra quick, and make themselves look good without knowing anything about how it works. It just makes life tougher for the customer who end up with a crazy user experience and the developers for having to deal with chaos having long term necessary projects dropped in favor of something "sexy" right now.
Bad Developer working Conditions:
The company started to go agile and the correct direction about 3 years ago, but have completely gone backward recently with a lay off of several Product Owners / Scrum Masters / QA, in favor of managers and directors micromanaging.
Internal Politics:
Because of new cultural phenomenon as the result of the above mentioned problems there is a ton of in-fighting over "moving cheese". I heard a director once try to get another director's project cancelled because "the JVM had bad garbage collection", despite Java being the preferred framework at GoDaddy. At times working here is just humours.
If you aren't in the "Good Clique" your not going to make it there. It's more about who you know than how you do your job, which is a newer thing.
Constant Reorgs:
Because people at the top leave so frequently, I have stopped bothering to learn the names of people at the top. If you go more than a month without a re-org affecting your reporting chain or how you communicate with another group it is a miracle
Despite all f this it's possible to thrive here at GoDaddy. If you would fit in at Microsoft, but are willing to work for less maybe because you are not as good then you are an ideal developer for GoDaddy.