Lots of layoffs in IT. Low morale. Everyone worried that the axe will fall on them. Tendency to leave people stuck in same position for years--you have to really be assertive to avoid getting stuck. Frequent leadership changes with corresponding changes in culture/direction. Feeling that employees are taken for granted. Management does not seem to care at all about losing good people. In fact, they've been actively trying to get rid of people to reduce payroll. There seems to be a perception around the firm that IT doesn't really help to maximize profit--it provides too little bang for the buck.