[yowlingcat]

No. It's not. From a simple numerical perspective, the labor supply and demand forces are completely different and far less favorable to abuse in the industry. People will vote with their feet.

This isn't to say that the industry is perfect compared to academia; in fact, the conventional focus on the bottom line at the expense of long-term R&D at the average firms is a well-trodden trope. But tech is still an expanding universe, and so the leverage of voting with your feet remains quite strong for individual contributors. Far stronger than in academia according to much of my network.

I encourage you to reach out to data scientists and research engineers who have made the transition. If you don't have a LinkedIn, I recommend making one, adding whoever you can and talking to whoever you can that might have gone down a similar path to you. The academia to industry path is not a one-way door, and indeed, there's a lot of research science inside the industry that appears to be more well run than much of pure academia. You're smart enough to have gotten into a PhD program in the first place -- that enough will make you a very attractive candidate for a wide range of roles inside the industry that can be really fulfilling. It's virtually costless to start exploring.

Good luck. I'm sorry you have to go through this unnecessarily common experience, but on the plus side, it's better to figure it out now than later.