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It's not like WWE all of a sudden began producing boring tv recently.
For me I think it goes back to the big speech of "we are gonna listen and change", and the multiple times since then that they tried to put out how "here is the new change" with things like bringing in Heyman/Bischoff, changing channels, the draft, etc. Calling attention to the "bad product" but then continuing to deliver they same bad product just burns any benefit of the doubt they had.
You then combine that with them seemingly throwing in the towel and downgrading quality elsewhere (The shitty WWE Network upgrade, WWE 2K20) and it just proves they have no pride in their product and/or are to lazy to give a shit.
I honestly don't see them turning it around. It feels like they are just going through the motions. I think they will ride out their current TV deals, and maybe with a year or so left cash out to something like Disney who will just stick the tape library on ESPN+ and call it a day.
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