cancelled
https://www.syfy.com/syfywire/jordan-peele-the-twilight-zone-canceled-after-two-seasons#:~:text=After%20two%20seasons%2C%20Jordan%20Peele,Twilight%20Zone%20has%20been%20canceled.
I'd say the second season was actually starting to head in the right direction, but I'm guessing they either ran out of ideas or lost too many viewers during the woke first season.