Even though there has been layoffs over the years, but suddenly you see a level 5 or 6 person gets hired who is a friend, relative, college mate, neighbor, native country friend of another higher position employee.
Within a year or two these new hires becomes executives. And then they bring in more of their friends.
All they do is sit at high positions without skills and just pass the buck.
Whereas existing hard working employees slog for 5, 8, 10 years without any promotion. And gets laid off during bad times.
It's this Nepotism that has plague the Company and culture. No new innovation of growth, just su-k the salary and wait for the retirement without any work.