Is frequent switching bad?

Hi Folks,

I work in product management and my YOE is 2 years 8 months. I come from a tier3 college and below is my carrier trajectory:

1. Left first org after 1.5 years
2. Thinking of leaving the second one after 1Y 2M

Reason for switching

1. Good increment
2. Current org’s work culture is laid back ( less work, everything is delayed)

Questions:

1. What is the impact of frequent switching in long term
2. Should I stay in my current org if they match the offer
3. What if the other org also turns out to be average (it’s an early stage startup)