The other reason is that many FP users are too enthusiastic about creating abstractions. This is of course something that FP is exceptionally well suited for. An api that was written to simply process a list of Orders into a Report might be abstracted into a fold on some monad, which at first seems a great idea. But if you're not careful, readability suffers a lot. It's much easier to get to know an application when its code deals with business objects that you already understand well, than to read hundreds of lines of code that deal only with abstractions.
Maybe there should be a new edition of Clean Code written specifically for FP, to address this anti pattern.
By the way this problem is not unique for FP, OOP suffered the same problem in the past. But the OOP community learned from its mistakes and now most developers know to 'prefer composition over inheritance', for instance.