I like the new layout. Settings categories are better grouped together.
Of course though, Google had to put it's settings at the very top even though it's probably my least used settings menu. Other than that, the layout and order make sense to me
Looks scarier than it is, but I know what those 33 apps are and I'm ok with those apps using my location. Plus they use location while the app is open, not always.
Custom ROMs have had this design for a long time already. Interesting that Google also decided to use it. Here's a screenshot from my custom ROM on A14, just has different groupings.