Dear Anony,
Following could some of the reasons according to me:
1. Differences with management or with reporting authority, could be in working style or approach towards business/conflict of ideas
2. Employee could be in burn out stage - Lacks motivations or focus
3. Stress due to office or personal issues
4. Lack of belief in the management
5. In retaliation to organization's inhuman practices or rude behavior of the management/reporting manager
Regards
Rahul