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It is jargon for sure, and bloviating to mask layoffs.
A merger will always have layoffs because there will be duplication of roles, especially in lower/middle management.
Some duplication may also occur in boots-on-the-ground roles, depending on the companies.
They’re masking it? Seems pretty plain to me.
Maybe only masking in terms of trying to somehow make it seem justified and as a natural part of their company’s growth. But you’re not wrong.
It’s “polite” and therefore right. The angry people are the ones being unreasonable and are thus wrong. They instead should write a calm sounding letter, submit it to the media that is totally not owned by the same shareholders that wronged them. /s