TLDR: the expression initialises a list t of tables in the default namespace, setting the grouped attribute on the symbol column and removing all the table rows.
How that? The function called is not Apply but Amend At@ in its ternary form.
The first argument is the default namespace `., which, as a namespace, is also a dictionary.
The second argument t will be a symbol vector of names of tables in the default namespace; i.e. globals.
The third argument is the function to be applied to each table. Youve already spotted that the unary projection @[;sym;g#] sets the grouped attribute on the sym column. It is composed (by juxtaposition) with the unary projection 0#. Applied to a table, 0# removes all the rows.
So the function applied to each table named in t is the composition @[;sym;g#] 0#. That is, remove the rows and set grouped on the sym column.