Good riddance to these ideologues. It's a shame that the announcement shows no trace of remorse for the crimes they inspired (e.g. at FTX) or the lives that have been ruined by the cults to which they lent academic legitimacy. Instead, their demise is chalked up to some bland moaning about "administrative headwinds".
Realistically, we're probably only looking at a brief respite before they regroup under some other benevolent-sounding name. Be on the lookout for their next incarnation, and let's hope that Oxford won't repeat the mistake of allowing them to evangelize under the seal of a great university.
(Edit in response to causal's question below):
They legitimized longtermism and pseudo-rational AI panic, which transformed much of EA into an apocalyptic sect, with all the high-demand group dynamics that come with it. Their research created an air of urgency and expediency which, among other bad outcomes, inspired the devoted EAs at FTX to justify their crimes to themselves. These crimes resulted in privation and a few suicides for their innocent depositors. To this day, there are EAs who rationalize these crimes against their outgroup as not that bad, considering that the "Future of Humanity" is at stake.
You can look at the movement and find plenty of other negative effects of this urgency and expediency, but for me personally, the FTX crimes are what woke me up to the true nature of these hazardous ideas.