Adobe

If this is one of your early companies, you get to learn to do things independently. You can have fun at work, but that depends on the team too.

Decreasing quality of people. As the number of people is increasing, more and more levels are being created in the hierarchy. Transparency is lost. Increasing micromanagement and decrease in actual managerial skills. The workplace is now ridden with dirty politics. The newly created leads are confused. They are still individual contributors but they behave as managers (micro-managers). As a result, there is a lack of trust on both ends. And then there is unjustifiable favoritism. And now Adobe has even lost its position as a high paymaster. It is no more a dream company!

You don't need unnecessary levels in hierarchy. Managers and leads who just order their juniors and don't do anything themselves, yet take all the credit for their subordinates' hard work – such people are driving the good people away from the company. They are not assets, but liabilities to the company. You should get rid of such people. You need to restore Adobe's old structure.