Looking at all the LinkedIN updates, where people have changed their Job title and company name, it looks like quite a few are now in positions that are probably below the level they originally had before the Refinitiv/TR sale? Are people moving into lesser roles ?
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Good post 4ofm. I agree, there are loads of people with inflated titles and LinkedIn profiles that don't match up to their experience or expertise. If you are one of them, be prepared for a shock when you start interviewing. Many companies (especially for Snr roles ) engage 3rd parties to help with their selection process and will weed the fact from the fiction. Some will also get a shock on their salary expectations.
This process started years ago, at least back with the late 2013 re-org. You had a lot more junior people being "elevated" to roles with "global" in them, getting paid less than all the people who already had global responsibility, but happy to stay employed and to sound more important and fluff their resumes. The problem is: when you interview at other firms and people expect you to have proper global experience, they realize very quickly that the experience doesn't match the title. In 2016 HR looked at the org chart with salaries and company tenure and just crossed people off. It seems like with 2018 they're axing more of the senior managers who survived 2013 and 2016 re-orgs. There should be less bloat, but there will also be a lot less experience. Outsourcing and off-shoring taken to the extreme, until they can break off the businesses and sell them.
TR job titles were always meaningless and uncontrolled so pay little attention to any changes. Team managers added "Global" or "Director" to their equally pointless functional titles ("proposition", "market development", "order to cash", "implementation business success partner solution delivery operations account innovation global"... create your own) to give the semblance of importance while crucially, avoiding any chance of accountability.
This goes all the way to the top. Where, regardless of title, ELT occupants would struggle to attain a junior team leader position in a successful company elsewhere. One where for all their self-proclaimed excitement at their latest organization, "Mandatory Price Hike" isn't the most successful "proposition" every year. As these low-capability industry lightweights somehow remain in charge of the new company, expect shuffling the job titles to have no effect whatsoever.
Sounds demoralizing. They probably accepted downgrades as temp lifelines. Most of them are probably looking to move out within the next year (after bonus season) if they find something else.
Referring to people effectively being down graded in new org.
Are you referring to execs that didn’t want to move to Dallas or Eagan or are you talking about middle management? Some executives are actually leading businesses (CEOs) or found senior roles elsewhere. I only know about one that used to lead a business then a function and now heads sales for a smaller company. Can you point to some examples (without names, just title changes)? Or are you referring to people being downgraded within the new org structure if they chose to stay in TR?