I'm all for criticizing empty corpo talk, but that quote is actually pretty reasonable and not empty. They are just saying that they are simplifying their organizational chart so that they don't have teams with overlapping responsabilities.
It's just a polite way to say "we noticed that we had 2 teams doing the same thing so we merged them and dropped the resulting excess headcount".
It's just a polite way to say "we noticed that we had 2 teams doing the same thing so we merged them and dropped the resulting excess headcount".