"because they were prioritizing other factors instead of competency"

That's not a particularly outlandish take, and the other factor is orthogonal

Do you believe that other factor is wokeness, or is it maximising profit

Corporate wokeness is about maximising profit by acquiring funding conditional on said wokeness.

GP appears to have a bee in their bonnet about wokeness (see post history). Unless they provide some evidence to support their take, I see no reason to take it seriously.