By Marvel logic this is set after Original Sin, but The Avengers seem fine with each other when they should be divided after Captain America saw what The Illuminati did. Only Cap's really old and Sam Wilson took his place.
Continuity is a mess currently.
I was thinking about this myself. If Steve's old now then this is after he returned from his trip through the Time Gem and he's already delivered the order to hunt down the Illuminati, but there's Tony, Bruce and Hank right there fighting alongside the rest of the Avengers and no one's saying shit. There's not one acknowledgement of events in Hickman's series and it's kind of irking me.