“WordPress is in trouble” depends on what “WordPress” is.

WordPress the supply chain is currently dependent on wordpress.org. The community is working to route around this by decentralising distribution - see efforts such as AspirePress.

WordPress the software development project is dependent on wordpress.org, and there is no way to route around this unless Matt agrees to give up his DFL position or a fork is created.

WordPress the brand is being tarnished, mostly by Matt’s actions. wpdrama creates a riskier environment when assessing whether to use it as a CMS.

WordPress the community is being denigrated and diminished. Again, I think only a change in governance can resolve that.