What is the difference between Product Manager and UX Designer?

Previously we had only UX Designers, now we have 3 new PMs who seem to be doing a lot of the work we did as UXDs (in theory at least). I'm struggling to understand and articulate the value we're supposed to bring to the team now.

We support an internal comm product used by employees. We almost have the same # of PMs/Directors/Agile Coaches as we do # of people who actually work and we are being micromanaged to death.

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Similar, the key difference is the focus on the big picture strategy and market fit for the product (Product Manager), versus the focus on designing a seamless user experience (UX Designer)

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