My org has seen significant attrition at all levels, including mid+ management. My take is much simpler: just like us IC folks, managers jump ship for better op

My org has seen significant attrition at all levels, including mid+ management. My take is much simpler: just like us IC folks, managers jump ship for better opportunities, promotions, and raises. I'm not making this up. I've heard leaders comment in private about how their compensation has dipped due to the recent stock market crash. Since the higher you go in the chain, the biggest the share of your comp is in stocks, it's very attractive to change employment during a market dip. Sure it's risky, but the payoff is big.