Company loves to churn and burn employees. It is considered a badge of honor for them to run through employees.
They love to use the phrase "Our employees are our best asset" and it is a running joke among employees because the phrase sounds great but has nothing to do with reality of the company.
If you are looking to advance; you have to wait your turn. They have managers that have been in same position for over 30 years. Technology and progressive thinking is frowned upon.