Micromanagement and politics are everywhere in the company. The management does not care about the employees' development and career path; instead they involve the staff in their polics war and only promote those who are on their side.
All the key developers left and many want to leave. They make no attempt to develop a strong technical base, and just want to keep obedient people.
Salary adjustment is just another thing. They gave everyone an average of less than 10% payrise (some less than 1% which is what the hell), no exception for people with high performance.