Hello everyone would love some opinions on my situation:
I’m a SR Level sales leader at a mid size consumer products company. After my previous boss announced a re org, ownership cancelled it. It was a good re org for almost everyone including the company. Ownership brought a new physco jn and it hasn’t gone well for many of us. Friday I was asked to take a demotion of 3O% pay and take a new role. Was not given the severance option yet but I know it’s coming. I’m currently interviewing for other SR jobs but keep making it to final round and not closing. I’ve had one offer that wasn’t close. My new role will put financial strain on us but we can live. I’m worried how this will look on the resume as it’s a major step back. My company has a sister company that is trying to move me over to them in a similar leadership role keeping my current salary but I’d have to move pretty far away. So my option are;
1. Take the demotion and keep looking and hope to get my salary back
2. Take a severance, keep looking and hope to get my salary back. But keep my wife’s teaching job and pension
3. Move, keep my salary and ask my wife to start over. She’s not happy about it but open to it. We have been here for 8 years and she finally feels settled. No kids to worry about schools etc.