It's not a factory team. They survived for 20 yrs and won multiple drivers and constructors (most successful over the past 20 yrs?) , and are now spiralling into oblivion and will eventually fizzle out. They have done probably the best amongst all the non-factory F1 teams in the history of F1. It's all cyclic, typical of F1. The engineers and drivers will eventually find their place back in F1 or in other roles in automobile/aerospace industry - as is typical with any exclusive and niche industry.
The only surprise is that this is something that was anticipated at the start of 2024, and when it didn't happen, it was taken for granted that it wouldn't happen like it has happened now. IMHO, the engineering talent would've been intact and primed for the next cycle, had it happened in 2024 itself - now the technical leadership is scattered and hence the entire technical workforce will scatter.