I wouldn't say it's a reskin of communism as such; on the surface it is some melange of leftist redistributive notions and radical social ideas in a framework of bourgeois liberal sensibilities, but do not mistake this for anything of substance; the core of "wokeism" is aggressive mental illness/dramatic personality disorders, aka Cluster-B PDs.
*Every* one of these people that I've ever challenged to explain their ideas have crumpled like a paper bag. They are all verbiage and pretense, very rew of them have any idea what they are talking about or proposing. The only thing they do well is picking up socially acceptable / virtuous phraseology, and making normal people hate them, and little else.