Extremely toxic company culture. The values are seemingly positive, but the CEO repeatedly makes statements that contradict them. They hire immigrants because they're ignorant of German law, some company policies actually contradict the law, but no one seems to know. Performance cycles are a joke, there are a million dimensions that contradict each other so every result is completely arbitrary, promotions and raises have more to do with whether your manager likes you and how much clout they have to negotiate budgets—if they fail, you get told it's because you aren't performing, no matter what other reviewers say. As a result, good professionals leave in droves when they're assigned to a bad manager, and there are so many of those, it's just a matter of time. The company never organised and streamlined processes from its startup times, and as a result it's failing in multiple fronts. Leadership predictably blames everyone for this, except themselves, while dumping money and effort in the wrong places and engaging in petty bickering with the works council.
