>We also added people and created operating structures that were meant to speed us up, only to find they were slowing us down.

Management's answers to problems is always more management, amusingly even when they think they're going to "speed us up".

>As part of this new approach, we are also bringing key technical teams together to ensure all product decisions directly support our new principles.

And just a little later is something that sounds like it will slow them down / put more people into every decision to be made ;)