Needless to say, being demoted at your current company can be a big hit to your ego and motivation. Your business may have done so simply to save money, but this doesn't make it any less devastating from a career standpoint. When this happens to you, there are a couple of ways you can move on and recover from the situation.
First, Forbes magazine stresses the importance of maintaining your work ethic, especially if your company is going through financial difficulties. This can show that you're a worthwhile employee and it may save your job if your business needs to make further demotions or cuts.
Next, Tech Republic recommends thinking before talking once you receive the news. Be careful of which words you choose and how you react to the situation - after all, you still want to keep your job. Finally, assess your finances and see if it's worth staying at your current company. This demotion may be a big sign that you need to move on.