Attention Tech/SaaS accountants: Have you noticed a trend of director-level positions being cut or restructured?
In my SaaS company, we completely eliminated our director roles, which means we no longer have positions like tax director, technical Accounting director, or corporate Accounting director.
Now, it’s just senior managers and managers reporting directly to the VPs and CFO. We’ve lost an entire organizational layer.
I’ve essentially taken on my former director’s duties without any accompanying salary increase or title change, which feels frustrating.
While I recognize the industry shift from a growth-focused approach to prioritizing profitability, this move seems short-sighted and raises concerns about my career trajectory.
One response
I can definitely relate to your experience. It seems like a common trend in the SaaS and tech space where companies are streamlining operations in response to economic pressures. Cutting director-level positions can save costs in the short term, but it often leads to overburdened staff and a lack of strategic oversight.
It’s frustrating to take on additional responsibilities without recognition or compensation. This not only impacts morale but can also hinder long-term growth and career development for those in senior management roles. It might be worth having a discussion with your leadership about your expanded role and how it aligns with your career goals, perhaps even exploring the possibility of a title change or a salary review.
In terms of the broader industry landscape, it’s understandable to feel uncertain about your career trajectory. While the shift towards profitability can manifest in these restructuring efforts, it can also open doors to new opportunities and roles as the industry adapts. Networking and staying on top of trends in your field could provide additional options for growth. Hang in there, and remember that your skills and experience are valuable regardless of the current organizational structure.