It's absolutely true that there have been a ton of layoffs in the past ~12 months. But I've seen zero evidence of actual sales slowing down. 2023 saw a ton of big hits, from Zelda to Diablo to Baldur's Gate.
The games you mentioned are extreme outliers (no one expected BG3 to do as well as it did), and there have been a number of studio-killing bombs this year.
this kind of running-it-dry is what is killing "AAA" (big quotes) games: https://en.as.com/meristation/news/ubisoft-has-11-assassins-...
That's what is happening right now.
May well be that in 2025/2026 we see a light year of releases.
The price hike fight was the last straw. They've had a ton of time to fix these issues but haven't responded to users asks, up to the point where viable open-source alternatives are starting to take root.