I am surprised that you would include an active political choice with immutable personal characteristics. Some companies are purposefully political; it is why they hire lobbyists. They may also take positions, such as support of their own transgender employees or buying insurance that fully covers women's health care, that are objectionable to many conservatives. I could see things unrelated or even positive for business repelling conservatives.

The same is true of some other dynamics. I've seen an exodus of young men from a team because a new boss came in who didn't think sexual harassment was acceptable workplace behavior. The excuse was "the workplace isn't fun anymore", but before that it wasn't fun for people who didn't enjoy spending all of lunch talking about how to pick up chicks. Or for technical quality, if a company is successful the engineer who didn't want to write tests or get code reviews is going to rage-quit at all the "extra process" that keeps them from breaking the build on a Saturday night like they used to.

Sometimes when conflict emerges, a company has to take a side and whichever side is alienated is going to end up leaving. The question then is which side did the company come down on.