No decent engineer would stay there because there was nothing to build and management would always just contract out everything. Management, which was promoted internally from bad engineers, couldn't shop a good SaaS product or consulting firm and instead were consistently convinced into buying shitty Oracle products.

In-house products were badly done, which led to contracting out engineering, which led to no engineers, which led to getting screwed in the contracting.

Fixing that company would probably involve firing the whole tech department.