Naughty Dog in 1996
(media.scored.co)
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Because most of those people aren't passionate about the projects and/or are incompetent and those who are can't do shit because they're all being micromanaged by retarded business suits who neither like nor play games and have no idea what makes a game good.
What we're seeing now already started to happen back then. Publishers being nosy micromanaging cunts isn't new. It just has progressively getting worse over the years.
The only real difference in modern times is you're not just getting killed by publishers buying your studio but also by woke cunts infiltrating it. Which can happen before you get bought but will most definitely happen after you get bought.
The MicroSoft effect in action.
I'd argue EA is the undisputed king of speedrunning game studio murders.
Disney would like to talk as well.
This specific style is very Microsoft. They like large useless bureaucracies.