If any mediatonic employes check this thread, it seems like you have fixed the 6 teams eliminated instead of 7 in squads. But a new glitch have arrived where one team less gets eliminated than the overlay says. So far i have only seen it happen when there are 6 or less teams left so after the initial 2 race rounds. So far it has happened to me in: Slime climb, wall guys, and snowball survivors.
I check the thread! Hiiii!
Whilst we continue to fix the 6 instead of 7 issue, we wanted to create an in-between solve that was friendlier than the original bug.
Today we rolled out a change that does as you mentioned.
We continue to work hard on getting those eliminations to work perfectly, but this should be a positive move for the time being.