Work was thinking about redesigning my role that would result in a demotion and I just found out after the fact

I feel super uncomfortable after a meeting I had with my manager today. She told me there were grumblings conversations about “reimagining my role” back in June/July from a specialist to a coordinator title. Titles are whatever but in my company titles are related to pay structure. So going from specialist to coordinator would result in a demotion. She said her direct
manager (director of operations at the company) told her this and my manager immediately shut it down and pointed out ways my role was specialized. Her DM immediately backed off and said “Oh you’re right I guess I never thought about that”

I told my manager I felt super uncomfortable that these initial negative conversations were happening without my knowledge and she told me not to worry because she put her foot down.

I feel uncomfortable because:

1. No talk of demotion was ever expressed to me. I have been working on a project
   to possibly outsource fulfillment (part of my role) but this does not get rid of my
   Work but instead only changes what I would do. ( liaison between; site visits; still compile data to send over) plus I still have the other half of my role that would not change. This project is simply seeing if it would be feasible and not a confirmed change. If anything it would save the company money because at this time I am the only person that has to go into the office.
2. Another manager came to my own direct manager and said she heard “rumblings” why the hell does another manager that has no authority
   Over me know about my possible role change and possible demotion talk before my own direct manager ?
3. We have had a slow year ( I work
   For a travel company) and so I have had some free time to work on other things. My role is operations support specialist and so I work cross collaboratively with many teams ( the only one to do so ) and am trained for operations and customer experience because of this. So many times my role is doing a lot of nuance and specific things but in a way it feels undefined at times.

I wanted to go to my director and express these feelings because I think it’s wrong to have these conversations especially someone not even in my department knowing about my possible role change and demotion.

Even though the conversation was shut down I still feel extremely uncomfortable. Advice ?