The shocking reason people are quitting tech companies (No, it’s not money)

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Chris Matyszczyk

Written by

Chris Matyszczyk, Contributor

Chris Matyszczyk

Chris Matyszczyk
Contributor

Chris Matyszczyk is an award-winning creative director who now runs the consultancy Howard Raucous LLC.

Full Bio

Posted in Technically Incorrect

on January 14, 2022

| Topic: Tech Industry

tech-workers-quitting-the-great-resignation.jpg

Me and my backpack just don’t belong here.

Image: SrdjanPav/ Getty

Have you had enough?

Do you lurch into your home office every morning and think: “No more bloody project management/software engineering/electric car building/making the world a better place for me?”

Tech companies are desperate for staff. They crave more sentient bodies and inspired minds. They have the money to buy them.

Every day, it seems that employees from Apple and Microsoft are being poached like eggs at a polite British breakfast.

Yet I’ve just driven my mental truck into a new study from three large brains — Donald Sull from MIT’s Sloan School of Management, Charles Sull, his co-founder at a, oh Lordy, “culture solutions” company called Culture X and Ben Zweig, CEO of Revelio Labs, who appears to occasionally moonlight at New York University’s Stern School of Business.

They have pored over quitting data and poured surprising thoughts into my mind.

Which industries experienced the greatest average attrition rates during the Great Leap Outward? Trucking, I hear you cry. Fast food, perhaps.

Well, the number one home of the I Quit community appears to be apparel retail.

The next three, however, have significant tech ramifications. In second place is management consulting, which has desperately infiltrated the tech sphere over the last many years.

You might think those who offer wise thoughts on how to manage would be good at it themselves. Perhaps not.

In third place came internet businesses. In fourth, enterprise software.

Yes, they came ahead of such more obvious industries as hotels and leisure or general retail.

Developers are ready to quit their jobs. Here’s what might convince them to stay

You might be moved by the data point that controversial company SpaceX suffered more than three times the attrition of (arguably) even more controversial company Boeing. Or that Netflix suffered at twice the rate that did Warner Bros.

Enterprise Software

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CXO

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Government

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Security

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