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Looks to me like the editing is just taking and deleting groups of frames out of the sequence that was originally recorded.
I am not familiar with PD15 so ... maybe someone that is can tell you if that is an 'effect' or not that is provided.
If it is not provided... like I said, looks like you could just go into your timeline and split, delete sections then drag the clips that trail the sections you just deleted - drag them to the left to 'butt them up against' the end of the clip to the left.
If any of that makes sense?!?!?!?
CS