This is what I'm experiencing right now. We've basically done away with prioritization. We have no project managers anymore (we used to have 7), so any interested party can come to any dev to get anything done. We basically have no pipeline for allocating resources and it is amazing how many people try to fly under the prioritization radar of the product manager and VP of Engineering. There is, paradoxically, too much trust and too little at the same time, we aren't trusted to be part of stack ranking, but we're basically responsible for partaking of the orders that come down from on high in anyway we please, if you're a full-stack engineer it sucks.