Poor leadership. Been in business for 16+ years and yet still running as a "start up" - super disorganized and always rushing to make the next deal, never looking inward to value, support, and empower the company's hard-working team. In my last year there, I saw a turn over rate of probably over 80%.
Lack of optimization in their client contracts + blind desperation for sales means the amount of time it takes the team to finish a project is undershot every time. As a result, the team doesn't have time to do fulfilling, creative, innovative work, and instead repeats cookie-cutter concepts to much internal disappointment. Many are unhappy with the lack of growth and ability to build personal portfolios they're proud of. This in turn means many production employees are effectively stuck there without any concrete growth to show to potential employers.
No HR and the leadership is too reactive to handle HR complaints or to deal with sensitive issues around mental health, discrimination, or minority status - in fact, they're often the ones perpetuating and cracking jokes about these things, leaving staff nowhere to turn in the event of any problems.