It can be mitigated by setting
gfx.compositor.glcontext.opaque = true
in about:config, but the fix is invasive, and has taken years to get prioritized and worked on. I've seen reports that it should finally be done in FF64 or 65.(I'm on Yosemite.)
Google Sheets and Google Docs have been horrible on anything than Chrome for a while as well, and I guess they have no incentive to make that situation change. Firefox is dealing with it better than before I think, but I won’t hold my breath for parity to ever come.
If your cpu does not have a webm decoder in hardware, it has to decode them in software which is inefficient.
It's pretty bad. Firefox cuts my battery life in half doing nothing.
Running my mouse down the list in about:config feels like I'm drunk.
This is on a brand new maxed out i7 MacBook Pro.
Now if I could just get it to be reasonable about search engines...
P.S. macOS 10.13.6.
Go to chrome://flags, search for "UI Layout for the browser's top chrome" and pick "Normal". Restart and enjoy the old design.