I understand that the quanta of electromagnetic field is a photon.
The electromagnetic wave is a solution of the classical maxwells equation and is out of electric and magnetic fields. It is not a field by itself.

The classical electromagnetic wave
In the visible frequencies it is light, but it covers a lot of frequencies in its spectrum.
There is no classical electromagnetic field. The quanta which compose light are the photons, and the classical fields emerge from zillions of photons.
Anyway, the electron field quanta is the electron.
You are misrepresenting quantum field theory here. In quantum field theory there exists an electron field all over (x,y,z,t) represented by a plane wave wave function of the solution of the Dirac equation for electrons. But it is not electrons, it is the probability amplitude of finding an electron. To get an electron you need a creation operator on the electron field, and to eliminate it an annihilation operator. By this mathematical tool the motion of an electron can be modeled as a disturbance on the electron field.
There is no absorbing by the electron field, ( or photon field or...)which is a type of coordinate system that allows calculation of cross sections and decays.
And the process of electron-positron annihilation releases two photons when the matter/anti-matter pair are re-absorbed into the electron field.

Again this is a misrepresentation of the model used in calculating electron positron annihilation. There is no re-absorption
Anyway, the electron field quanta is the electron.
Not in the sense you are thinking about it. In the diagram, a creation of an electron which becomes virtual and annihilates with the positron into two photons is mathematically represented.
And the process of electron-positron annihilation releases two photons
yes
when the matter/anti-matter pair are re-absorbed into the electron field.
There is no re-absorption. The electron field as well as the positron field exist whether there is an interaction or not. The interaction happens with the creation and annihilation operations.
This is how I understand the process.
You have to rethink.
But why don’t the photons (which are each their own anti-particles) annihilate somehow
The photons emerge at an angle, defined by the invariant mass of the e+e- system, and leave the interaction region with velocity c, as a disturbance on the photon field with consecutive creation and annihilation operators , if you want to visualize it, on the field. In fact if one wants to really model the leaving photons ( or specific particles) one has to use wave packets.
So they cannot meet at an interaction vertex to annihilate.
The second reason is because the all pervasive photon field is like a coordinate system, a Lorenz invariant aether, it does not contain particles, just possibilities to calculate Feynman diagrams.
and become re-absorbed by the electromagnetic field, whose mechanism is the photon?
So there is no re absorption . It is not within the quantum field theory model.