They are "restructuring" the company and focusing only on Sr. Level, really experienced hires instead of promoting skilled employees from within the company. That's what a recruited told me after applying for an internal promotion, even though I was told that my skills were right in line with what they were looking for.
Nepotism is all over with creating new positions for family and friends at director level positions in the company. They don't seem to value the opinions of anyone who reports to them, but have a "my way or the highway" approach to things. Collaboration doesn't exist here, it's just do what management says and never question it or give an alternate opinion.