It seems to be cyclical that the company in the cross-hairs has a bad PR year and people talk about only the one company as if it isn't a systemic problem until memory gets blurry and people forget the last time it came up, and few people connect the dots to the systemic problem. (Almost every major publisher has been in the spotlight at some point in time or another. EA very famously had the "EA Spouse" cycle of bad press. Activision had one a few years later.)
If there is something interestingly strange here it's that CD Projekt Red tried to buck the system and do the right thing and its getting smeared so badly that it tried and failed. The takeaway for a lot of people is going to be subconsciously "it's better not to try at all to do better and stick with the status quo", which is hard not to assume is intentional this cycle from some of the members of the status quo. (It resembles other anti-union bullying tactics.)
https://en.wikipedia.org/wiki/Erin_Hoffman#%22EA_Spouse%22_b...
There's always a market for indie-scale games, 2D platformers, simple but innovative 3D games, etc, where good, simple ideas are more important than huge amounts of effort. But there's also a market for complex games, and if they're well done, people will happily pay for them.
source: over a decade in the modding and gamedev community, never done it professionally (yet) but have made some popular mods/minigames, and a decent grasp of how much work goes into large-scale games and how much you have to want to make it happen for it to happen, and sometimes, you're willing to spend these long days, and sometimes it's even enjoyable before the money and fame start rolling in, or at least enjoyable enough to stick with it.
I hope, and suspect, nobody who is working on AAA games has zero interest or joy in making big, complicated games.
You get the job because you have skills at it. You have skills at it because you were interested enough to learn them. Those skills are worth money. All of the articles criticizing gamedev seem to miss this.
The crunch is very real, but the silent part is that insane working hours and crunching are a staple of gaming industry. Pretty much every single project ends up in this state and the stories can get pretty horrifying (Blood, Sweat and Pixels is an interesting read on this topic - https://www.goodreads.com/book/show/34376766-blood-sweat-and... ).
The strange part of this story is the way how it's set to snipe at certain companies - CDProjekt and Rockstar were target of these stories, but other development studios for some reason weren't.