-Being owned (anchored) by eBay
-Being a financial institution and not a software company in how we are run (Scott Thompson is a former Visa guy, so he's pretty much destroyed the silicon valley vibe the company had and driven off the more creative and brilliant rank and file developers.)
-Our customers generally resent our draconian policies and fees (read articles with comment sections, anything related to PayPal or eBay - PayPal's parent, and you will see how much venom people spew at us... and if they weren't so right, I think it wouldn't weigh so heavily on my sense of job satisfaction.)
-Salary freeze (even though we at PayPal delivered double digit growth, being part of eBay meant the company as a whole didn't do well, so we all get punished)
-Getting eBay options (we recently fell into the single digits, while Amazon, eBay's closest competitor has been soaring up into the 70's – nullifying the excuses our executives keep blabbing about the economy being the cause – when everyone in, and out, of the company knows it's the direct result of our incompetent management.)
-Having a board of directors that doesn't fire the head of eBay (read the eBay reviews to see how much he's reviled by our co-workers over on the eBay side of the company.)
-With billions in the bank we had a layoff which was totally unnecessary, yet just because other companies are doing it, the clown-show-exec-staff decided to shrink the teams... then go on a shopping spree to buy Paylater for more than a billion. This is what I hate, times are tough and they figure they can do anything they want and people aren't in a position to quit... Well, sadly they might be able to do so now, but they're paying a high cost in terms of morale, and retaining the best of the best (who can find work in any economy.)
-Having process' and procedures piled on all the time. Doing ANYTHING is an oversize in frustration at PayPal.
-The corporate Network is slow... really slow (we're a high tech company!? really????)
-Most of our tools are sub-par, and sluggish
-Getting any suggestions to percolate up through the lower management filter to higher levels is impossible
-Bonus' (back when we actually had them) were tied to shared goals... that are NEVER fully met. Many of my co-workers look at the most prominent of the goals, which is known as A.T.B. (average time to business) as a simple scam to limit bonus payouts. Nice to know that we grunts, who work like crazy get chiseled out of our bonus' by the multi-million dollar bonus earning clowns up top.
-Metrics collection and "meeting the numbers" frequently will interfere with getting the real work done
-There's ever increasing demands that we do more, in less time... unless you brown nose your way into a cozy relationship with your boss, you get no concessions for the extra time and efforts.
-To summarize, PayPal is a very frustrating place to work. I've decided I'll hold this job a while longer (while the economy is so crazy), but as soon as things calm some, I'm going to fire this company and find a place that isn't so infested with incompetent management, and which isn't so completely obsessed with keeping everyone burried in process' and pointless side tasks.