Raises are capped. You're paid according to what you made last year, not according to what you're worth.
Poor work-life balance. Deployments are on Saturday nights, sometimes stretching to Sunday at noon if there are issues. You're expected to get online to validate even if it isn't your deployment.
Poor development standards, depending on the team, leading to errors and long deployments.
Environment instability, after the layoffs.
Complete waterfall methodology.