12-20-2016, 08:52 PM
Not too sure that anything is wrong. Your first screenshot still shows a text layer, but it does not matter if text properties are lost or not.
Removed the text properties and selected all but the 'S' http://imgur.com/pgDFiDa
Invoked layer-via-cut splits into 2 layers http://imgur.com/pueAJH5
Moved the layer gives your second screenshot - what is wrong with that? http://imgur.com/MhHMgjE
Can you expand on the problem / required result
Removed the text properties and selected all but the 'S' http://imgur.com/pgDFiDa
Invoked layer-via-cut splits into 2 layers http://imgur.com/pueAJH5
Moved the layer gives your second screenshot - what is wrong with that? http://imgur.com/MhHMgjE
Can you expand on the problem / required result