I mean I am no expert, but to me it sounds like the org you're describing seems to lean away from the "engineering" side of things and into the "org for the sake of org".

Which might not be ideal, because "orging for the sake of org" to my understanding consumes significant resources not going into building products/marketshare/shareholder value.

But then again, I'm no hiring manager in such a structure, so this is probably just an uninformed take.