Put simply, the CEO and management do not value their employees enough to know how to keep them from quitting. The company has seen incredible turnover in the past year, due to mismanagement across many levels.
They don't understand that these days, people are not just happy to have a job, they are looking for a company that will consider them as a whole person and not just an employee - that means not giving them the bare minimum of the national holidays and 10 paid time off days which only accumulate one day a month. The company's benefits are very very far behind what many other start ups offer these days.
And even if an employee is happy by the bare minimum - it won't count after they are constantly pushed down by management, or moved around from this job to that job.
This is a company run by old fashioned people that keep saying how advanced the company is. Employees are led to feel that they are cogs in the machine, and not people of actual skills with valid opinions. Management "listens" but suggestions are never considered.
There are gross inefficiencies across the board, for example the company has been hiring more employees, but not giving team managers more independence and freedom to manage. Micromanaging is so large to an extent that basic decisions can't be made without CEO approval. It is suffocating and leads to burnout very quickly.
Asking for a raise is like making a joke - you will be laughed at, (I actually was) and those who do get raises are thrown money at so they won't leave because management is desperate to have someone in their position. The middle managers don't have a say in anything - they are there to fill a position. This company is run by one person only, Yair Shapira.
There are many many things I'm leaving out because it simply will be too long. If you want a job where you're treated like a human being and not simply seen as a worker, move on.
Also this is a boy's club.