Tech execs turn to drink and drugs as job losses mount
- Reference: 1689075309
- News link: https://www.theregister.co.uk/2023/07/11/tech_execs_substance_abuse_survey/
- Source link:
In a survey of over 500 tech execs, nearly 80 percent of tech workers told [1]researchers they were taking medications, either under a doctor's supervision or otherwise. To perform better and cope with long work hours and high stress, 32 percent said they consumed controlled substances, and 45 percent said they used painkillers including Codeine, Oxytocin, Vicodin, and other opiate derivatives.
Thirty-four percent of tech executives used stimulants, including amphetamines like Adderall, Dexedrine, and Concerta, the survey of 501 tech leaders found.
[2]
Half of the respondents admitted to being heavy drinkers, consuming an average of three to seven alcoholic drinks per day, health company APN, which conducted the survey, found.
[3]
Many managers said they'd experienced worsening mental health amid fears of layoffs. Problems included increased anxiety and/or depression, reported by 38 percent of execs. Seventy-seven percent said layoffs have impacted their mental health, while 74 percent said improvements in AI and the thought of being replaced by a computer had negatively affected their health.
In its report, APN said: "This industry fosters a fast-paced, ambitious environment and requires a unique approach to treatment. It's time for the tech industry to wake up and destigmatize substance issues so every employee feels comfortable seeking and receiving the support they desperately need."
[4]Digital transformation expert on mass layoffs: I would have expected more from tech
[5]Musk's Hotel California erected at Twitter HQ, as some offices converted into bedrooms
[6]Working overtime? Those extra hours might not be hurting your wellbeing after all – just don't tell Jeff Bezos or Jack Ma
[7]Digital transformation expert on mass layoffs: I would have expected more from tech
[8]US schools sue Meta, Google and friends over 'youth mental health crisis'
From the end of 2022 through the first half of 2023, the tech industry has seen swathes of job losses. Companies laying off staff or set to make redundancies include [9]Intel , [10]Facebook and [11]Salesforce . Following its takeover by electric car company executive Elon Musk, Twitter announced it was set to show the door to around half of its workers. [12]Paypal and [13]Microsoft have also announced job cuts.
According to tracker website [14]Layoffs.fyi , 839 tech companies have let staff go in 2023, amounting to a total of 216,328 job losses. Evernote, Stripe, Anaplan, JupiterOne and SumoLogic were among the most recent, the site found. ®
Get our [15]Tech Resources
[1] https://apn.com/2023-report-substance-use-among-the-tech-field/
[2] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_offbeat/science&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=2&c=2ZK18pdU0D4IbQ-6EyPfvDAAAA4k&t=ct%3Dns%26unitnum%3D2%26raptor%3Dcondor%26pos%3Dtop%26test%3D0
[3] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_offbeat/science&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=4&c=44ZK18pdU0D4IbQ-6EyPfvDAAAA4k&t=ct%3Dns%26unitnum%3D4%26raptor%3Dfalcon%26pos%3Dmid%26test%3D0
[4] https://www.theregister.com/2023/05/22/interview_digital_transformation/
[5] https://www.theregister.com/2022/12/07/musk_twitter_offices/
[6] https://www.theregister.com/2022/01/20/working_overtime_those_extra_hours/
[7] https://www.theregister.com/2023/05/22/interview_digital_transformation/
[8] https://www.theregister.com/2023/01/10/schools_sue_meta_google/
[9] https://www.theregister.com/2023/03/07/meta_layoffs_report/
[10] https://www.theregister.com/2022/09/21/meta_google_layoffs/
[11] https://www.theregister.com/2023/01/04/salesforce_7000_job_cuts/
[12] https://www.theregister.com/2023/02/01/paypal_job_cuts/
[13] https://www.theregister.com/2023/01/18/microsoft_job_cuts/
[14] https://layoffs.fyi/?itid=lk_inline_enhanced-template
[15] https://whitepapers.theregister.com/
Re: Why does this sound...
Not sure about the numbers being high or not, half of the people above a certain level being alcoholics sounds a lot, but not weird much.
What I totally agree with: single country. 500 persons interviewed is just nothing once you have enough covariates, and heavy hitteres like 'country' or 'culture' should be avoided. I question the overall validity of the cause / effect, as this seems to be a single sample at a single point in time. Could have been 50% alcoholics down from 80% 10 years ago (or so).
Meh. We clicked on it, right? Joke's on us. I'll grab me a beer (ok, I won't, don't drink and derive).
Re: Why does this sound...
Upvote for the last sentence
Re: Why does this sound...
It's getting to the stage where it's hard to find any survey that is not heavily pre-loaded with propaganda, poor attempts at marketing or simply some form of nudging.
Nudging :
Governments are increasingly adopting behavioral science techniques for changing individual behavior in pursuit of policy objectives. The types of "nudge" interventions that governments are now adopting alter people's decisions without coercion or significant changes to economic incentives
Re: Why does this sound...
Only in the US do you have drug adverts on TV and doctors paid to prescribe by the drug companies.
Re: Why does this sound...
In the US, if you are a medical worker then talking to patients about drugs can cause your experiencing significant wallet swelling, so maybe you need a drink when your wallet gets bigger?
Re: Why does this sound...
I'm all for making a buck or several but the numbers you see relating to US healthcare are just BONKERS! And a good portion of that is essentially backhanders between drug companies, insurance companies and the hospitals/doctors.
'Not for profit' hospitals that drive out every other hospital in the local area and pay their high-ups multi-million $ salaries.
Re: Why does this sound...
US Healthcare is [1]explained ... on YouTube.
[1] https://youtu.be/ljjKUIB9DH4?t=20
Re: Why does this sound...
Sadly the ACA has made things worse by effectively encouraging the merging of smaller medical practices into much larger ones. The age old monkey paw curse of unintended consequences.
It is bonkers how you cannot be told beforehand how much a simple procedure will cost, such as an X-ray, as the price depends on how and who is paying, if you are in network etc. And its not like you can shop around.
To quote Hunter S Thompson
"I hate to advocate drugs, alcohol, violence, or insanity to anyone, but they've always worked for me."
Re: To quote Hunter S Thompson
“We had two bags of grass, seventy-five pellets of mescaline, five sheets of high powered blotter acid, a salt shaker half full of cocaine, and a whole galaxy of multi-colored uppers, downers, screamers, laughers... and also a quart of tequila, a quart of rum, a case of Budweiser, a pint of raw ether and two dozen amyls.
Not that we needed all that for the trip, but once you get locked into a serious drug collection, the tendency is to push it as far as you can.”
Re: To quote Hunter S Thompson
Careful quoting HST. The adrenochome conspiracy whackos will come out of the woodwork.
Terrible
Is this the explanation for what happened in the white house with the white powder?
Re: Terrible
[1]And Maybe No 10 too?
[1] https://youtu.be/kQSbav9GFfI
And they think that's going to make their work better?
Poor execs
Those poor poor C-Suite, with the huge salaries, bonuses, golden parachutes.
Jesus christ!!! What about the 90% of the workforce that actually produce/make/create the product?
Fuck management, what about the little people, the REAL workers??
No articles about the shit they have to deal with!!
ADHD
Aderall and other amphetamine based drugs are prescribed for ADHD and other neurodivergence. I wonder what it is about tech that attracts people who have trouble controlling their focus, he asks rhetorically.
Why does this sound...
....like a very loaded , US based survey?
Zero job protection. Check.
Over prescription of drugs. Check.
I'm not saying a lot of people may be on meds, but those figures seem way to high.
And before anyone jumps on me, check my handle and work it out from there.