FFXIV Why Are Players Bailing?

It's becoming clearer to people that FFXIV is in a bad place. Now the player base is beginning to dwindle.
FFXIV: Online is property of Square Enix. I have no claim to it.

LINKS
The Gamer.com Article: https://www.thegamer.com/final-fantasy-14-active-players-large-drop-below-1-million/

Wuk Lamat Critique: https://www.youtube.com/watch?v=2fdIcjviRFo&t=1614s

Why We're Still Here: https://www.youtube.com/watch?v=K0FrMB7ceEs&t=304s

Timestamps
1:19 The Story
5:05 The Characters
7:24 Content Release
11:15 Class Simplification
13:53 Nostalgia Baiting
15:33 Duty Finder
17:50 Conclusion