The last time this happened (at least it feels the same to me), leaders were cut to make more room for team members. At least that was the idea. So part of the impact on you will be perhaps trading an ETL for 3 team members, and maybe a couple of TLs for a few more team members.
It looks like in addition to this, there are some fundamental changes to how things will work. There will now be an operations team responsible for Receiving, pricing, pogs, in-stocks, backroom, etc. Everything else will be reworked in reaction to this.