This is a company stuck in amber. Old school processes, old school thinking, old school resistance to anything new. Propose a fresh idea and watch it get crushed. Try to work differently and see how fast you get shut down. Individual contribution isn't rewarded, compliance is. And we're all slowly suffocating under the weight of "this is how we've always done it."
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My experience is that the ELT will support new ideas if they don’t cost money or require headcount. As a result, proposing something just means more work for you with no additional pay.