Yes, you can always push that admin and coordination and communication work down to the ICs. I'm sure you'll be thrilled to get that added to your plate.
And a large amount of that work will disappear because a significant amount of that work is merely maintaining reporting and answering to bosses ad-hoc.
Removal of bosses is literally more efficient because it reduces the amount of work per unit person.
They aren't removing your boss, you still have one, except your new boss (who was your former skip level) will expect all the outputs that your previous boss produced.
Easy enough to solve, just remove a few layers.