Its also a grass is geener issue. Work is generally more enjoyable as an IC, you get to focus and write code. Until you end up having to build something really stupid, and you want more control over product direction. Then you end up as manager, and long for the simplicity of being able to focus and write code. At least that's how I've felt at times.
If you hold the same number of meetings but stop inviting some stakeholders, those stakeholders are going to be upset. If instead you remove some meetings from the process entirely, by e.g. not requiring multiple design reviews for internal products, or by not letting platform teams force everyone else to use their software, or by letting teams spin up their own low capacity services without meeting with ops, or anything else that lowers the complexity of getting work done, then your team will be happy and the previous gatekeepers will be complaining.