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This caught me by surprise, but then again, given the collapse of the Canal+ broadcasting deal, this becomes less of a surprise. The biggest benefits go to the existing Ligue 1 sides as they'd get more money out of it (increased media revenue). There will be more meaningful matches, and more TV money will be available now that there are 2 less clubs to get a slice of the pie.
2022/23 should be a particularly thrilling season to watch mainly because of the relegation battle.
Thoughts? Personally, I can see why they're doing it, but I'm a fan of seeing more teams play in the top flight and experience the better teams/players. It also allows me as a football fan to have greater access to young, promising players from those lower-end teams. In the end, I'd rather they stick to 20, but it's all about the money, and this will benefit Ligue 1 clubs, financially.