IBM

• Solid benefits
• You can get paid to basically do nothing, if that's your thing.

• Tons of pointless meetings
• Clueless non-technical management chain
• Non-competitive pay
• Horrible proprietary workflow/"productivity" software
• Getting anything accomplished requires wading through miles of red tape
• Rabid focus on churning out patents
• Culture rewards political clout, not engineering ability
• Culture encourages isolation from your co-workers
• Your co-workers are boring
• Culture does not enable you to work on desirable projects or develop your career
• Management does not listen to or care about your concerns
• Executive management blatantly only care about earnings and nothing else

Try actually listening to and conversing with your direct reports if you don't want to keep losing good people.

Streamline and modernize your engineering philosophy.

Streamline and modernize your productivity tools and processes.

Restructure your incentive system.

Focus on the growth of your employees.