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 does have an actual discernible message, which puts it above a lot of other corporate gobbledygook. But it's still corporate gobbledygook that requires careful deciphering to understand what it says.
I don't consider it reasonable at all. It's slightly meaningful word vomit.
The least you can do for the laid off employees in this situation is try and not make it harder for them to find new jobs, so you keep the message vague.
to be frank, we should probably stop pretending they "overhired". That term implies that these MBAs were somehow blindsided by the imminent recession that analysts have talked about as far back as 2020 and that this wasn't an intentional strategy to maximize growth while labor was "cheap" (or at least, the money to hire labor).
This was all calculated and most companies still came out of this larger than when they entered the pandemic. It was all calculated and workers were nothing more than expendable pawns. Not much we can do about it without stronger labor laws, but that's a multi-decade battle.
> adapting our organizational structures
"free money is gone so we need to downsize"
> to improve agility and accountability,
"we don't have money nor time to nurture juniors. they are gone"
> establishing unambiguous ownership
"We're dropping risky products and specializing towards the most profitable features, ".
> and driving improved efficiency and transparency through reduced layering".
"we're making the remaining workers work more to make up for the people we let go. And cutting out some key managers, producers, and middlemen that will slow things down in the process".
I honestly see is as corpo talk to justify all the usual things that happening as of late.