Its a private equity held company who bought McAfee enterprise at a very bloated price. With increasing interest rates in the US and lack of innovation and fierce competition with other vendors, the private equity is literally squeezing every penny and cut down cost to the extent that there will no backfills no new products or features, Just keep the lights on!. Just running the show to show that they are profitable ( not by increasing sales/vrevenues , but by cutting operating costs ) till they find another private equity firm to sell off. desperately. No Innovation whatsoever. If you just want to idle time, fix legacy code bugs with absolutely zero aim for learning and have a chilled life, this is the place for you.
Ah one catch though, silent layoffs keep happening every month probably. So you have to find another such company again to keep your status quo :)