Yes and no. It’s a fairly functional unit as it does serve a couple purposes.

It allows Ishii to be plugged into stories/promos without fear of language barrier.

It gives Mark Briscoe some buddies to bounce his energy off of while Copeland and Kingston recover from injury.

OC needs friends to motivate his character, it’s been made pretty clear that he only gives his all when something is actually on the line, and without a title to defend, the next best thing is friends.

Granted, some of the members are just kind of “there” but I feel like that’s where the name “Conglomeration” comes from.

Even the Job Squad served a purpose, as jobbing was literally their gimmick. “Get pinned, get payed.”