Adobe has changed from an engineering-focused company to a bunch of corporate moneygrubbers. Same thing that happened to Boeing, and similar result. Adobe is screwing a lot of its customers with its business practices and surprise! Its causing a lot of complaints.
They are a publicly traded company, so they have to answer to the shareholders, who are the real owners. If a publicly traded company screws up, then there is usually a takeover attempt or an effort to replace the board of directors. Adobe is not a non-profit or public benefit corporation, like PBS (in the US).
Interesting that I as the OP am getting favorable comments from other people in IT. They get good, well-paying jobs only in companies that are profitable.
If a company is not profitable, that's bad for the employees. I've been through several shutdowns and downsizings. Ugly for everyone, including the survivors.
Like it or not, Adobe is owned by shareholders. Of course, if you don't like this business model, AND you have the requisite software skills, you can always start a project to do an Open Source non-destructive RAW editor. (Forget the DAM and other parts.) After all GIMP exists as a Photoshop workalike. Why not a Lightroom workalike.