Wooohoo la Dee frickin da another reorg and group rename. Can't wait to see what results come out of "harmonization" of groups. #sarcasm.
Don't know about layoffs. Sounds like it's just renaming existing groups to be inline with the current dictators "vision". All companies do it. Makes them look busy when the stock is shit.
The new buzzword is "leanovation" aka sorry not sorry but we are going to make you do more with even less than before. Good luck and get to work slaves so you get the shit stock back up to line my golden parachute.