Yes and no.

I started my career with a graduate program from a larger company. I stuck around in that company for close to 5 years and would have liked to stay longer. My reason for leaving were the absence of a career progression. The first 3 years, the company had a great career progression path. Clear outlines what it needs for a promotion, fair and transparent pay, etc.

That changed and despite hitting/exceeding my goals, I was denied a promotion twice with no good reason. My boss, who is fantastic, told me that he cannot give me a good reason because he himself did not receive one. So I left.

Generally speaking, my cohort of the program was part of the company much longer than most employees. I don't think a single person left in the first 3 years. Attrition only started now that there was a general shift in the companies culture and communication.