Abstract; ; Observational and theoretical studies have long held that rapid gas consumption in starbursts is responsible for the formation of the most massive quiescent galaxies at high redshift. However, studies of recently quenched “post-starburst” galaxies have discovered that a number of them are surprisingly luminous in CO, challenging this assumption. We present deep Atacama Large Millimeter/submillimeter Array CO(2–1) observations of 50 massive (; ; ; ; ; ; log; (; ; ; M; ; ; ⋆; ; ; /; ; ; M; ; ; ⊙; ; ; ); ∼; 11.2; ; ; ) post-starburst galaxies from the SQuIGG; ; ; ; ; ; ; ; L; ; ; →; ; ; ; ; E sample at; z; �� 0.7. We detect a large fraction (27/50) of the galaxies in CO(2–1). We perform new spectral energy distribution (SED) fits incorporating mid- and far-IR photometry to measure the star formation rates (SFRs) and histories that can reproduce both the rest-optical and dust properties of these galaxies. We find that the CO luminosity correlates with the age of the recent starburst, suggesting a gas-removal timescale of ≲150 Myr, an order of magnitude shorter than is implied by their SFRs under standard birth cloud dust assumptions. We find that while allowing for significantly more attenuation in birth clouds can raise SFRs by ∼0.5 dex, for almost all galaxies, it is neither required to fit the observed IR SED, nor is it sufficient to explain the observed depletion trend. Even the combination of significant buried star formation; and; ULIRG-like; α; CO; is not enough to explain this decay in CO luminosity. Furthermore, there is no strong evidence to support either of those modifications to the depletion time. Therefore, it remains a distinct possibility that the age–CO luminosity trend should not be interpreted as an evolutionary sequence, and that gas-rich SQuIGG; ; ; ; ; ; ; ; L; ; ; →; ; ; ; ; E galaxies will soon rejuvenate.;
