Over-regulated and over-shilloed (assembly line principle) - you have work units to work on, following pre-scribed prpcesses and anything outside that is not your problem (and you are not allowed to work on anything outside of the scope of the work unit).
Hence a lot of things fall on the floor (no ownership).
Basic things, like "when will the next build released because a customer is expecting the fix we alredy implemented", cannot be determined, not even after being super escalated to VPs (seriously).
High fluctuation, and as such knowledge and experience is quickly lost.
If you are using a product that was aquired by ESW Capital, you better think of moving away from it, because support for the product will deteriorate over time due to the company loosing knowledgable people.