Another question... would you guys just wait until you have another offer in hand and give your 2 weeks notice, or would you let management know that you're planning on leaving if things don't change?

I'm leaning towards just giving my notice when I have a new offer, because I don't really trust management enough to see that I'm trying to be fair and help them out... I imagine I'd get a big "FU, don't let the door hit you on the way out" if I even hinted that I was going to leave if things don't improve.

Thanks for taking the time to reply, I really appreciate it. Your advice is in-line with my current thoughts and plans, I'm just trying to figure out if there's any alternative or anything I haven't considered. I'm already well on my way to moving on, but hearing that I'm making the right decision will help push me into taking action sooner.

My suggestion - for the future of course - save up an "FU" fund - 6 months of your current salary (gross or net is up to you). Having such a thing available makes these kinds of decisions more bearable (not easier - just bearable) no matter how long you've been at a company. The more you can save, the better.

That's the current thinking of... well, basically the entire team. I genuinely like the people I work with, and I kind of don't want the entire department to fail, but management seems incapable of making good decisions. Seriously, our top developer gave two weeks notice, and offered to finish up his project that was due in two weeks before he left. Management got angry at him for "abandoning" the team and told him to just go home and they'd pay him for the two weeks! This is 100000% why this project didn't go out on time, and now we are being forced to work overtime to make up for their blunders. As you can probably tell, I'm very frustrated about this...

"I genuinely like the people I work with", if they all plan to leave, there isn't any team left. "I kind of don't want the entire department to fail", that's the responsibility of management and will be on them, not you. Don't try to save an organization with incompetent managers. Like others said, run from this place.