No? They outright say the opposite!
Like look, I'm not a native speaker, sure. But I think when someone says "value add", that means there was value there (which you claim they're rhetorically erasing), and then that was added to. Under no interpretation of this phrase do I get an erasure of prior value.
So certainly, as long as words mean anything, no, they absolutely did not say or suggest what you claim they did, and what you extract a thus unreasonable amount of obnoxious schadenfreude from, while throwing in a cheap insult for funsies at the end.
It's the second time I feel compelled to reach for this just today: https://i.kym-cdn.com/photos/images/original/002/659/979/108...