Latin may not be a requirement for whatever Grievance Studies, but it certainly is necessary if you want to study Virgil.
I could see loosening the requirement, but if the loosening isn't simply to permit French and German (also hugely important in academics, some fields more than others, very influential on English, and also often untranslated in otherwise English texts, so, justifiable for similar reasons) as substitutes, yeah, I'd regard it as likely a step backwards.
In Classics, where Ancient Greek and Latin are principal topics of study
I understand why we might relent on not teaching them as a part of general studies, but in Classics, Theology and Ancient History at the graduate level there's no way to escape the need to read the original, and anyone who must rely on translation will remain crippled in the field as long as they do so.