Tech execs are stressed out. Half are heavy drinkers and 45% take painkillers, a...
source link: https://finance.yahoo.com/news/tech-execs-stressed-half-heavy-140233631.html
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.
Tech execs are stressed out. Half are heavy drinkers and 45% take painkillers, a new study says.
Half of tech executives reported heavy drinking in a new survey. 45% reported using painkillers.
Layoffs, long hours, and stress have some executives turning to substances to cope, the survey said.
The study polled 501 tech executives at companies with at least 1,000 employees.
Many people go into tech wanting to work in a fast-paced, innovative field, and holding a senior position or C-suite title may seem like an enviable position.
But Silicon Valley and the tech industry has hit choppy waters recently, with a long list of layoffs and executives talking about battening down of the hatches amid concerns of an economic downturn.
Meanwhile, recent research suggests that many leaders working in tech are turning to alcohol and substances to cope with the high stress and uncertainty of their jobs.
All Points North, an addiction treatment center in Colorado, published a report examining the findings of a survey conducted by Censuswide among 501 tech executives working in firms with over 1,000 employees. The survey, titled "2023 Mental Health in Tech Report," was taken between April 27, 2023 and May 15, 2023. The results showed high rates of heavy alcohol use or alcohol use disorder, substance use and misuse, and poor mental health among tech executives.
Many tech leaders also reported being worried about the future of their careers — and whether or not they will have a job. Layoffs and the rise of artificial intelligence make some executives feel insecure in their positions, according to the survey. APN's report showed 77% of executives saying that layoffs have negatively impacted their mental health, and 74% worry that improvements in AI will render their positions obsolete.
Along with long-term fears of job loss, some tech executives reported struggling day to day. Long hours and high stress levels cause executives to turn to substance use. 45% of executives surveyed reported using painkillers like Codeine, Oxytocin, and Vicodin, according to the survey. The use of stimulants and sleeping pills is also common, at 34% and 35% respectively, according to the report's findings.
- The Telegraph
Rishi Sunak’s Brexit deal will not fix Northern Ireland trade, supermarkets warn
Rishi Sunak’s Brexit deal to unblock trade between Britain and Northern Ireland will not solve the problems faced by businesses, supermarket chiefs have warned.
4h ago - Yahoo Finance
New Alzheimer's drug from Biogen, Eisai gets government approval, but faces long road ahead
Biogen and Eisai's second attempt at a new class of Alzheimer's treatments faces pressure despite regulatory and CMS greenlight.
4h ago - Fortune
A Harvard genetics professor who only sleeps 6 hours a night and doesn’t exercise every day swears 3 habits helped reverse his biological age by a decade
In an interview with GQ, 54-year-old David Sinclair says his lifestyle changes got him back to his "20-year-old brain."
1d ago - Barrons.com
Ben and Jerry’s Ice Cream Is a Boycott Target Like Bud Light. Why Stockholders Shouldn’t Worry.
Critics are calling for a boycott of Ben & Jerry's after the ice-cream brand's July 4th tweet but parent company Unilever looks insulated from a backlash.
1d ago - The Wall Street Journal
Obesity Drugs Won’t Starve These Other Potential Blockbusters
Stocks of developers of fatty liver disease treatments had been on a tear until results from Eli Lilly’s medication were published last week.
11h ago - Fortune
Binance plunges into crisis as senior execs quit over CEO Changpeng Zhao’s response to Justice Department investigation
Senior members of Binance’s legal and compliance team left the company this week.
1d ago - Investor's Business Daily
Biogen Skids As Analysts Debate Uptake For Newly Approved Alzheimer's Drug
Biogen stock skidded Friday after the Food and Drug Administration fully approved its Alzheimer's treatment, Leqembi.
3h ago - Fortune
Why fast-food franchisees could be the next cohort to leave California
California franchisees say they will lose their independence if AB1228 becomes law, according to a new survey by the International Franchise Association.
6h ago - Benzinga
Kevin O'Leary Challenges Elon Musk's 'Immoral' View On Remote Work — 'They Ain't Coming Into The Office, Period'
Kevin O’Leary, renowned investor and star of "Shark Tank," has challenged Tesla Inc. CEO Elon Musk‘s controversial assertion that working from home is “immoral.” O’Leary, who oversees a vast business empire consisting of 54 companies, has expressed his support for remote work and rejects any notion of immorality associated with it. Musk, the influential figure behind Tesla and Twitter, recently launched a scathing critique of remote work, questioning its ethical implications. He argued that whil
1d ago - Investor's Business Daily
Meet Chinook Therapeutics, The Company Novartis Is Spending $3.5 Billion To Acquire
Chinook wasn't looking to sell when Novartis approached. But the deal might be the best bet for patients — and KDNY stockholders.
2h ago - SmartAsset
Why Do I Keep Getting Denied a Loan Even Though I'm High-Net Worth?
If you're going to the bank for a loan, you might think it would be easier as a millionaire. However, when it comes to high-net-worth lending, more money can mean more problems if the individual doesn't have conventional income or … Continue reading → The post How Does High-Net-Worth Lending Work? appeared first on SmartAsset Blog.
10h ago - Investopedia
Costco Shares Fall After Comparable Store Sales Drop Along With Gas Prices
Costco shares fell more than 2% on Friday after comparable store sales dropped in June as gas prices tumbled.
3h ago - Bloomberg
Oil Reaches Monthly High as OPEC+ Leaders Tighten Crude Exports
(Bloomberg) -- Oil posted a second weekly gain as evidence mounted that the decision by OPEC+ leaders Saudi Arabia and Russia to tighten supplies was making a mark across physical markets.Most Read from BloombergUkraine Has Caught Up With Russia’s Tank Numbers, Data SignalApple Plans a Slow, Appointment-Only Rollout of Its $3,500 Vision ProRussia Is Disregarding IAEA Advice to Power Down Ukraine ReactorMusk Ultimatum to Taiwan Imperils Its Push to War-Proof InternetChinese Scientists Are Trying
3h ago - FreightWaves
FedEx advises UPS shippers to get on board now
FedEx is encouraging UPS shippers to get off the fence today. It is also setting policies for onboarding. The post FedEx advises UPS shippers to get on board now appeared first on FreightWaves.
1d ago - Yahoo Finance
Workers are still raiding their retirement savings at record rates
Thirty-seven percent of workers have taken a loan, early withdrawal, and/or hardship withdrawal from their 401(k) or similar plan or IRA.
1d ago - Benzinga
Defective Battery Incident Sparks Safety Demands in General Motors' Ultium Plant Amid UAW Contract Talks
In late June, workers at General Motors Co's (NYSE: GM) Ultium electric-vehicle plant in Lordstown, Ohio, confronted a defective battery that caught fire. The incident did not involve any life-threatening injuries. The United Auto Workers (UAW) union and Ultium Cells LLC, jointly owned by GM and LG Energy Solution, are negotiating a labor contract, Bloomberg reports. The UAW is seeking better safety protections following multiple accidents at the plant, where 22 workers have suffered injuries an
7h ago - Zacks
Zacks Industry Outlook Highlights Walmart, The Kroger and Companhia Brasileira de Distribuicao
Walmart, The Kroger and Companhia Brasileira de Distribuicao are part of the Zacks Industry Outlook article.
9h ago - The Wall Street Journal
A Key Factor Driving the U.S. Oil Boom
OPEC is trying to [prop up oil prices by slashing output](https://www.wsj.com/articles/opec-crude-production-slumps-as-voluntary-cuts-bite-c1d1f4b2), but the efforts are being undercut by stepped up production in the U.
6h ago - Barrons.com
Biogen’s Alzheimer’s Drug Rollout Could Be Slow
Biogen has said it doesn't expect to clear a profit on Alzheimer's treatment Leqembi, which was approved by the FDA Thursday, until late 2024.
5h ago - FreightWaves
Amazon Air cuts ties with Silver Airways
Amazon’s private airline that outsources cargo flying to third parties has ended its partnership with Silver Airways, a small regional carrier that operated five small ATR72-500 turboprop planes on small […] The post Amazon Air cuts ties with Silver Airways appeared first on FreightWaves.
1d ago - Benzinga
According to Warren Buffett, Opportunity Comes From The "Dumb" Actions of Others — How You Can Leverage Them For Success
Legendary billionaire investor and Berkshire Hathaway Inc. CEO Warren Buffett believes that value investing still holds significant opportunities despite the market's changing landscape. During Berkshire Hathaway's annual shareholders’ meeting, Buffett expressed optimism about the future of value investing, citing the prevalence of "other people doing dumb things" as a key driver of these opportunities. "What gives you opportunities is other people doing dumb things," Buffett said. "During the 5
1d ago - Reuters
Exclusive-PE firms, defense companies vie for Ball Corp's aerospace unit -sources
Private equity firms Blackstone Inc and Veritas Capital Fund Management LLC are competing against large defense companies to acquire the aerospace business of Ball Corp, according to people familiar with the matter. Defense firms BAE Systems, General Dynamics Corp and Textron Inc have also expressed interest in the business, which could be worth over $5 billion, the sources said. The unit, which accounted for 13% of Ball's consolidated net sales in 2022, provides aerospace and national defense hardware, such as sensors and antennas.
4h ago - Zacks
4 Stocks to Watch in a Prospering Technology Solutions Industry
Industry players like IBM, HPE, NCR and AGYS are gaining from the increased demand for integrated solutions and the growing adoption of the multi-cloud model, despite persistent supply chain constraints.
11h ago - USA TODAY
As UPS and Teamsters hit contract impasse, how much does FedEx stand to benefit?
With UPS and Teamsters failing to reach an agreement on a new contract, a potential strike looms. If that happens, experts agree FedEx will benefit.
13h ago - Reuters
Analysis: Decades of US corn export dominance fade as Brazil seizes top supplier crown
U.S. corn export dominance is fading in an increasingly competitive global marketplace as Brazil, aided by a new supply agreement with China, is set to out-ship the U.S. for just the second time ever this season. Meanwhile, Mexico, America's other top market, is preparing to limit imports of genetically modified corn that comprises more than 90% of every U.S. harvest. The eroding export market share spells trouble for the $90 billion U.S. corn industry as domestic demand for feeding livestock and producing ethanol has also cooled.
12h ago - The Wall Street Journal
U.S. Oil Boom Blunts OPEC’s Pricing Power
U.S. petroleum production is on pace for a record-breaking year, helping to keep energy prices stable despite the efforts of Saudi Arabia and other major oil exporters to drive them higher.
19h ago - Barrons.com
How PayPal’s Former CFO Is Bringing Nimble Tech to Walmart
In his first media interview as in the position, John David Rainey tells Barron’s about why he made the jump—and what surprised him most about his new employer.
18h ago - TechCrunch
China wraps up fintech crackdown with big fines on Tencent, Alibaba
The regulatory crackdown that has shaken up China's fintech industry since late 2020 appears to be coming to a close with the imposition of hefty fines on the country's two digital payments giants. Tencent, along with its payments subsidiary Tenpay, has been fined approximately 2.99 billion yuan ($410 million) by the People's Bank of China for "its past regulatory breaches in relation to the provision of payment services in the mainland of China," the company said in a filing on Friday. On the same day, the central bank announced it will slap a 7.123 billion yuan (roughly $1 billion) fine on Ant Group, the fintech affiliate of Alibaba, for a range of illegal activities, including those concerning corporate governance, consumer protection, banking and insurance, payments and settlement, anti-money laundering practices and fund sales.
4h ago - Investor's Business Daily
Is Moderna Stock A Buy As It Doubles Down On Its Cancer Vaccine Efforts?
Is Moderna stock a buy after unveiling new results for its Merck-partnered cancer vaccine? Is MRNA stock a buy today?
1d ago - Benzinga
After Legal Action Against Wellness Clinics, Novo Nordisk Accuses Pharmacies Over Illegal Sale Of Semaglutide-Based Products
Novo Nordisk A/S (NYSE: NVO) has reportedly filed lawsuits against TruLife Pharmacy, Brooksville Pharmaceuticals, and WellHealth Inc in Florida federal court, accusing the pharmacies of illegally selling products claiming to contain semaglutide, the active ingredient in Novo Nordisk's weight loss and diabetes drugs. Wegovy is an FDA-approved weight-loss drug, while Ozempic and Rybelsus are approved for diabetes treatment. The FDA warned about the safety risks of using compounded or custom-made v
10h ago - Barrons.com
Shell Follows Exxon, Warning Profits Are Falling Amid Oil and Gas Slump
The energy company's stock fell in early trading Friday. It is the world’s biggest trader of liquefied natural gas.
8h ago - Business Insider
Cheap oil from Iran is filling the hole left by Saudi Arabia and Russia's productions cuts
Iran sold 1.6 million barrels of crude oil a day over the past two months, notching a five-year record.
21h ago - American City Business Journals
First Horizon CFO reflects on 'shocking' end to TD deal, and excitement for what's next
First Horizon CFO Hope Dmuchowski reflects on the ‘shocking’ end to the TD deal and her excitement for what’s next.
1d ago - The Wall Street Journal
Binance Unravels as Executives Flee and Layoffs Proliferate
The firm’s general counsel, chief strategy officer, chief business officer and a senior vice president for compliance departed in recent days amid the turmoil rattling the largest crypto exchange.
5h ago - Bloomberg
Winklevoss Twins’ Gemini Sues Crypto Conglomerate DCG, Citing Fraud
(Bloomberg) -- Gemini Trust Co., the digital-asset exchange founded by the billionaire Winklevoss brothers, filed a lawsuit against Digital Currency Group Inc. and its chief executive officer Barry Silbert, alleging “fraud and deception” stemming from a failed lending venture between the two firms. Most Read from BloombergUkraine Has Caught Up With Russia’s Tank Numbers, Data SignalApple Plans a Slow, Appointment-Only Rollout of Its $3,500 Vision ProRussia Is Disregarding IAEA Advice to Power Do
5h ago - Zacks
Biotech Stock Roundup: BMRN's Gene Therapy Gets Approval, SGTX Up on Buyout by LLY
Regulatory and acquisition updates from BioMarin (BMRN) and Sigilon (SGTX) are in focus in the biotech sector.
1d ago - The Wall Street Journal
Feud Between Crypto Magnates Escalates With Fraud Lawsuit
The Winklevoss brothers’ Gemini Trust is suing Digital Currency Group and its founder Barry Silber for fraud, intensifying a monthslong feud between the crypto magnates. Gemini’s lawsuit, filed Friday in a New York state court, accuses DCG and Silbert of masking the true financial condition of a key subsidiary of the conglomerate, Genesis Global Capital. "This is yet another publicity stunt from Cameron Winklevoss to deflect blame and responsibility from himself and Gemini," it said.
5h ago - Reuters
Taiwan June exports slump the most in 14 years on weak China, US demand
TAIPEI (Reuters) -Taiwan's exports fell more than expected in June, slumping the most in almost 14 years, as the island struggled with persistent weakness in demand from the U.S. and China for its hi-tech products. As Taiwan is often considered a bellwether of global electronics demand, the sharp slump adds to worries about a much weaker second half of the year. June exports plunged 23.4% in value from a year earlier to $32.32 billion, the finance ministry said on Friday, the 10th consecutive month of decline.
13h ago - Fortune
The luxurious sleep lives of CEOs—the $2,000 smart mattress Mark Zuckerberg and Bryan Johnson use to master their sleep
Want better sleep? There's an app for that.
13h ago - Zacks
Here's How Much You'd Have If You Invested $1000 in Adobe Systems a Decade Ago
Holding on to popular or trending stocks for the long-term can make your portfolio a winner.
10h ago
Recommend
About Joyk
Aggregate valuable and interesting links.
Joyk means Joy of geeK