Looks like Apollo may be doing this just to get on this list.
My position was replaced with a "newly created role"
The only person on my team that was retained had to get a "newly created role"
"Apollo also made key hires in newly created roles designed to continue to strengthen culture, diversity & inclusion, retention and citizenship at the Firm"
https://www.apollo.com/stockholders/press-releases/2020/12-16-2020-130115335