Bluetooth Disconnects Are Making Me Crazy

I have a 16-inch 2021 M1 Max MacBook Pro. At some point after updating my OS, I noticed that my bluetooth devices randomly disconnect for a few seconds every 2-3 minutes.

I use an external keyboard and mouse for my setup and it's making me crazy. I have read online and this seems to be a known issue. I've done everything suggested in every post I've found and still have ongoing issues.

Does anyone here have any novel suggestions as to how I can resolve this issue? Are any other people experiencing this problem?