I’m currently a Senior Project Manager at a private equity-owned tech company, where I've been for about six years. Recently, our Project Management Office (PMO) was dissolved, and I can’t shake the feeling that the writing is on the wall for my position. Things started to shift dramatically about a year ago when a new CEO was brought in by the PE firm. His background is mostly in taking companies public and executing mergers, which makes me think he’s not focused on operational stability but rather on financial exits. Within three months of his arrival, every senior leader I had known was let go, replaced by his own team from a previous company that had undergone a similar gutting. One of the new roles created was a Chief Transformation Officer, which just screams that big changes are coming. A few months back, my direct boss was unexpectedly walked out, and I only realized it when a recurring meeting disappeared from my calendar. That’s when I knew things were moving quickly and without warning. Last month, the new Chief Transformation Officer’s team came in and disbanded the PMO, cutting about 10% of the staff outright and redistributing the rest. I was one of the six who got moved to engineering and given the title of Scrum Master, even though my team isn’t set up to run Scrum effectively. It feels like a placeholder role, especially since my new boss seems less informed than I am about the changes happening around us. Now, there’s a job posting for a Head of Agile Practices, which means we’re all just waiting for this new hire to decide our fates. I’ve been tracking these changes for the last 18 months, and it feels like a classic PE exit strategy: clear out the old guard, implement a transformation office, dissolve functions, and rebrand survivors into roles that don’t align with their actual work. On the positive side, I have support from two SVPs who have promised to advocate for me, and I have solid metrics showing improvements in my team’s performance. However, I’m also facing challenges, including a new manager I don’t trust and a job market that feels worse than ever. I’ve applied to nearly 100 positions since the first round of layoffs in May, but I’ve only received about four callbacks. The competition is fierce, and it feels like my resume is getting lost in the shuffle. I’m reaching out to see if anyone has experience with similar situations. How long did it take for the mass layoffs to occur after a new CEO made such sweeping changes? Did anyone else experience a rebranding that ultimately led to a real role, or was it just a cover for further cuts? For those who survived a PE exit prep, what strategies worked for you? And how proactive should I be in my job search given the current market conditions? I’m trying to balance the need for stability with the urgency of the situation, and it’s hard to plan when everything feels so uncertain. I’d appreciate any insights or shared experiences.