docs: Update Issue Closure in CONTRIBUTING.md (#20545)

CONTRIBUTING.md

@@ -20,13 +20,11 @@ Issues are created [here](https://github.com/electron/electron/issues/new).
 * [Triaging a Bug Report](https://electronjs.org/docs/development/issues#triaging-a-bug-report)
 * [Resolving a Bug Report](https://electronjs.org/docs/development/issues#resolving-a-bug-report)
 
-### Issue Maintenance and Closure
-* If an issue is inactive for 45 days (no activity of any kind), it will be
-marked for closure with `stale`.
-* If after this label is applied, no further activity occurs in the next 7 days,
-the issue will be closed.
-  * If an issue has been closed and you still feel it's relevant, feel free to
-  ping a maintainer or add a comment!
+### Issue Closure
+
+Bug reports will be closed if the issue has been inactive and the latest affected version no longer receives support. At the moment, Electron maintains its three latest major versions, with a new major version being released every 12 weeks. (For more information on Electron's release cadence, see [this blog post](https://electronjs.org/blog/12-week-cadence).)
+
+_If an issue has been closed and you still feel it's relevant, feel free to ping a maintainer or add a comment!_
 
 ### Languages