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2022 marketing wrapped

I was in the final stages of an interview with Microsoft two weeks ago, in partner marketing. Then the recruiter told me they were putting the hiring process on hold to assess the need for the role. Well, then we heard about Microsoft layoffs last week. Seems like most were in Xbox and Project Alpha but there’s not a lot of information out there. Should I hold out any hope that I’m going to get this job? Any insights on how much these layoffs have impacted the marketing org and/or new hiring?
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If you plan on leaving in the near future, the title bump may help. BUT, that's a low pay bump for the additional stress if you plan to stay.
Rising Star
Only you can determine that. Do you care about titles? I don't.
I've learned i can get the pay I want at senior manager titles without the stress of a team. I prefer money > titles but thats just me. And work life balance/ happiness is a priceless commodity.
As somebody that took the management position with all the stress, worked 70+ hours a week and burnt out, I’d definately take the lateral move. Your mental health and your work/life balance is more important than always moving upwards.
Bowl Leader
Yes, because it is a steppingstone. Not taking it could mean a step out the door though.