This is what every company does when they restructure. 100% of the time it’s to flatten the management, but that also means workers will disappear too as teams are made redundant.
This is just a really really dumb article meant to spin it in a good light, because “management bad”. It’s like any other reduction in force, and nobody is safe. We should stop allowing companies to lay us off for the 5 minutes it won’t be profitable and force them to cycle through everyone.