They have a very long history of mismanaging money and wasting it on worthless projects, not to mention multi-million dollar executive salaries while laying off hundreds of workers and many other controversies.

I don't think you will find an organisation of that scale that doesn't have salaries for execs like this, You might not like it but that is an unavoidable reality, you can't run a business based of wishful thinking.

Some projects got dumped but at least they are taking risk and making new projects (which got us Rust, stack overlow survey favorite language from 2016 - 2023).