From what I've seen, across the industry, the folks who are burnt out are almost entirely individual contributors. You rarely see burnout in management, and it's typically in the form of folks who want to go back to being ICs/tried management and hated it.
I think companies really need to work on reducing or eliminating the amount of bullshit ICs have to deal with vs management (time tracking, status updates, on call, etc) or have management do the same amount of bullshit. Your boss may say they understand what you're going through, but they most likely do not have the same level of bullshit being asked of them on a daily basis. They can sit in meetings all day, miss deadlines, and no one knocks them on it like an IC where being a day late gets put on a PIP.
I think companies really need to work on reducing or eliminating the amount of bullshit ICs have to deal with vs management (time tracking, status updates, on call, etc) or have management do the same amount of bullshit. Your boss may say they understand what you're going through, but they most likely do not have the same level of bullshit being asked of them on a daily basis. They can sit in meetings all day, miss deadlines, and no one knocks them on it like an IC where being a day late gets put on a PIP.