Any “redistribution” is in the form of wages, so it’s income based in the exact opposite direction of what people want from wealth redistribution, or think of when they say “wealth redistribution”.

C suite gets giant cuts, office workers get medium-large cuts based on career, gig workers just have a new type of low-wage part-time labor to fill their hours with.

Money technically changes hands, but calling the existence of a company with status-quo wages “wealth redistribution” is really taking the term too literally.