Company I used to work for did this. They held raises/bonuses down to the point we all knew we were underpaid. Entire software engineering team turned over in

Company I used to work for did this. They held raises/bonuses down to the point we all knew we were underpaid. Entire software engineering team turned over in 18 months. They hired 1-2 year experienced developers replacing all of us who had 8-12 years experience at the company. Take a guess at how that department is doing now.