See, despite being common corporate speech, this is not what 'consolidation' means. 'Consolidation' means combining multiple things into a stronger whole.

As said, it depends on whether one considers YT Music as a place for the podcasts product to continue living, or a place where customers of the product are suggested to go to "also find podcasts somehow". Considering that Google stops the product and "allows you to migrate away", they don't consolidate, they discontinue.

If I have two horse carriages carrying people to different places and I decide to kill one horse and tell all its passengers to maybe check out the other horse, then I'm not 'consolidating' my horses, I discontinued the life of one of my products.