I'm a recruiter and I tend to take titles with a grain of salt. Small companies who are trying to sound big tend to give out "inflated" titles to make people feel good about leaving bigger companies and large companies often give people unassuming titles like Project Manager III so that we don't automatically take a second look at their Director level candidate.
That's the background -
Now - instead of worrying about the title, spend time focusing on the RESULTS you've achieved in your role and highlight that on your resume and your LinkedIn profile.
"Reduced waste by 42% (~$150K) YOY by identifying a more comprehensive process for purchasing across departments."
is much more useful for me to see your actual value to a company than,
"responsible for purchasing across 5 departments"
Go through your resume and profile NOW and ask yourself
"does this show how I add money or save money for my company?"
Think about forward momentum - what do you want to be responsible and judged for in your next role?
How do you want to feel while you're in that new role?
How much responsibility (and for what) do you want to carry?
And change your resume for each specific role you're applying for. .. Better yet, network your way to your next opportunity and get "insider" perspectives on what will make your resume stand out!
To answer the specific question --
If I'm asked to review and confirm someone's employment background I'm going to ask, "Suzy lists Director of XYZ as her most recent title with your company, is that accurate?"
If they say "no" it doesn't look like you were forthcoming.
If you're resume says manager - no biggie.
Just tell us in the cover letter about the reorg and rifs and how they adjusted your title.
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