Leaders have their favorites, and even poor performers just get shuffled into a lateral leadership position, and still rake in bonuses, whilst everyone else gets a new manager, no bonus eligibility, and no raises. Leaders make up rules for their areas (that are not the rules of HR) of who can get raises and who can't based on arbitrary interpretation that suits their needs. As a financial based company, the finance department is not accurately tracking finances, which is abhorrent. Cuts/layoffs are made reactively based on a piece of news and then leaders get upset that nothing is delivered on time (delivery promises made to clients when teams were at full capacity, did not account for potential reductions). Those promises to clients do not change, even with massive staff reductions. Lots of "thanks, we are having a great year", but no actual monetary reward or other significant recognition.