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You can work yourself to death
The back-office units are seriously overstaffed, and you work overtime until you drop. They don't want to pay overtime, so they insist that you choose compensatory leave instead.
The company is big but bloated and slow, with a bunch of old-timers. People dump tasks and run; whoever takes them on is left to suffer.
The ERP system is unbelievably bad—people are doing computer-based tasks manually.
They still claim they're going to IPO—just watch.