The current president of the company has been shifting the culture of Axon. In a recent all hands meeting they talked down work life balance and at the 2025 company kick off the theme was 'sacrifice' in relation to your life. This is a major shift from the old days where Axon had Family day, and tried to push people to have a good work life balance.
Profit sharing was stared because a recent change is lowering it for 75% of employees. Though I'm sure the person that implemented this change will be in the top 25% because they saved money. Again, large shift from CEO's previous mentality even sharing his own bonus with lowest paid employees.
Unlimited time off was stared because it requires manager approval. This wasn't a big issue a few years ago, but now Axon runs really lean. And that means you might not have a backup and you might be asked (in a not so kindly way) to work on your vacation to meet deadlines. Or cut your vacation or parental leave early. Not doing so will reflect poorly on your review and provide you with less money, less yearly increase, less opportunities*.
Opportunities was stared because there really isn't any room for growth (see running lean above). When you do see someone promoted it's because someone above them messed up bad enough to make their boss look bad.