In this context, it’s more of “you wouldn't talk about this at the watercooler”

Alternatively, getting caught watching soccer is one thing, getting caught watching porn is another. NSFW would be the latter kind of catch...

Yeah, but this isn't porn, it's just stories that feature some nudity. No idea how exploitative it is, although if they try to insert it everywhere, it's probably at least somewhat exploitative.

Still, that won't mean it's not going to be talked about at the watercooler; Game of Thrones definitely was, and that had plenty of nudity.

You ever see that meme of a dad walking in on his son playing video games, just as it cutscenes to something embarrassing (particularly when seen out of context)? I assume the show is basically that — its difficult to interpret well when glimpsed out of context (like when you’re caught at work), even if, in-context, its clearly not that bad.

The nudity is, if not exploitative, then certainly very gratuitous. It could easily be toned down and even removed in most cases without in changing the overall story in any way.

Working in gamedev, I've seen a lot of coworkers watch video at work.

Sometimes it's market research, sometimes it's listening to player feedback, sometimes it's a lunch break or after hours, sometimes it's background filler mostly there for the audio while they model or texture, ...