Is it wise to go to my company’s competitor for a promotion and risk burning a bridge?

For context, my small company was suddenly bought out by a large corp. I was about to get promoted to leadership but the new company doesn’t want to honor the title/salary increase we worked out. We only have one significant competitor in our industry, and it’s likely my best option. Love my company, been with them for years, but I’m really struggling with how frustrating this situation is.

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