Navigating Burnout in Tech
Finding Strength Through Coaching
The tech industry is facing unprecedented challenges, including significant layoffs, a decline in venture capital funding, and the uncertain impact of artificial intelligence (AI). These factors are not only reshaping the industry but also profoundly affecting the mental health and well-being of tech professionals. Product managers, designers, and engineers are particularly vulnerable to burnout and workplace dissatisfaction. In such a landscape, finding the right support is crucial, and coaching can play a vital role.
The Current Challenges in Tech
Layoffs and Job Uncertainty
The tech sector has experienced a wave of layoffs, with over 52,000 job cuts in the U.S. alone in 2024, following more than 191,000 layoffs in 2023. Major companies like Amazon, Google, and Meta have drastically reduced their workforce as they adjust to “post-pandemic economic realities” and strive to cut costs because of claims of declining stock prices and economic uncertainties. 1 2
Decline in Venture Capital Funding
Venture capital funding has significantly slowed down over the past 4 years, creating a challenging environment for startups. Many have been forced to downsize or shut down entirely, such as Phantom Auto and Yummly, due to insufficient funding and market conditions. This has led to increased job insecurity and financial stress among tech workers.3
The Uncertain Impact of AI
Add to all of this that AI is poised to revolutionize various industries, but its rise also brings uncertainties. As companies turn to AI to automate tasks and reduce costs, tech professionals face anxiety over job displacement and the need to acquire new skills. This adds another layer of stress to an already demanding work environment.4
The Impact on Mental Health and Burnout
The combination of these challenges has a profound impact on the mental health of tech workers. Burnout is more than just feeling stressed or tired; it's a state of chronic physical and emotional exhaustion. It can lead to diminished performance, a sense of detachment from work, and serious health issues. When coupled with a toxic work environment and unsupportive leadership, the effects can be devastating.
Recognizing Burnout Symptoms
Do you question the value of your work?
Do you drag yourself to work and have trouble getting started?
Do you feel removed from your work and the people you work with?
Have you lost patience with co-workers, customers or clients?
Do you lack the energy to do your job well?
Is it hard to focus on your job?
Do you feel little satisfaction from what you get done?
Do you feel let down by your job?
Do you doubt your skills and abilities?
Are you using food, drugs or alcohol to feel better or to numb how you feel?
Have your sleep habits changed?
Do you have headaches, stomach or bowel problems, or other physical complaints with no known cause?5
The Role of CEOs and Executives
Compounding these issues is a growing trend among some CEOs and executives who adopt the stance that employees are "lucky to have their job." According to a recent survey, 66% of employees have heard this phrase from their bosses. This attitude often leads to overworking staff, taking advantage of their dedication, and neglecting to invest in a positive company culture or effective recruitment strategies. This mindset can exacerbate burnout and make it harder for employees to find satisfaction and stability in their roles.6
How a Coach Can Help
In these turbulent times, a coach can be an invaluable resource for tech professionals. Whether you're trying to cope with your current situation or considering a career change, a coach can provide the support and guidance you need.
Personalized Support
Coaches offer tailored advice and strategies based on your specific situation. They listen to your concerns, understand your challenges, and work with you to create a plan that fits your needs.
Career Clarity
If you're feeling lost or unsure about your career path, a coach can help you gain clarity. They assist you in identifying your strengths, passions, and long-term goals, helping you map out a path to achieve them.
Skill Development
Coaches can help you develop essential skills such as communication, time management, and resilience. These skills are crucial for thriving in a demanding work environment and managing the stressors that come with it.
Moving Forward
Navigating the challenges in the tech industry can be daunting, but you don't have to do it alone. A coach can provide the support and guidance needed to manage burnout, develop resilience, and make informed career decisions. Whether you decide to stay in your current role or explore new opportunities, a coach can help you build a fulfilling and sustainable career in tech.
My Services
If and when you are ready to talk to someone about possible burnout, I am here to help. I am a professional certified coach, but more importantly I was a tech professional for 20+ years and experienced burnout myself in 2022.
You can find out more about my coaching style and packages on my website: leahfarmer.com, but please don’t let money or distance be an obstacle. Let’s talk and figure out how I can help or provide alternative coaches or resources if needed.
Xx
Leah
BTW, I’m running a special promotion for Klarna employees…
https://www.informationweek.com/it-leadership/tech-company-layoffs-the-covid-tech-bubble-bursts-sep-14
https://www.mayoclinic.org/healthy-lifestyle/adult-health/in-depth/burnout/art-20046642
https://theharrispoll.com/wp-content/uploads/2023/10/Toxic-Bosses-Survey-October-2023.pdf