Where to start...?
- There is absolutely no direction. Most people are sitting in the office and don't know what they're supposed to do, losing all sense of motivation. If people aren't looking for new challenges then that's because the salaries the company pays are very nice.
- Horrible communication and in-transparency from the top.
One example of many:
A few months ago the (now fired) CEO made a fiery speech about how our current product is losing money and is bad and not going to work out anymore and because of that we are going to make a new product and it's going to be amazing and exciting. Everyone was excited by this vague but exciting premise....
... Fast forward a few months and nothing has happened. Well... the CEO got fired, but before that, and on the down-low, told selected teams that we are not going to be working on this new product after all. There was never an official communication about this change of, according to the leadership's presentation, company-changing plan to build a new product. Yikes.
- Mass lay-offs and people (understandably) leaving the company on their own wish obviously don't help with overall morale and motivation.