YouTube's goal, as was Facebook and Instagram and Twitter and TikTok and everyone else, is to get you to consume what they want you to consume, rather than what you choose to consume.
In their eyes, further reoving the "choice" of what to watch and shifting more of it to the algorithm optimizes that. And visible view counts/dates is a factor, as you may skip a video the algorithm thinks would keep you engaged.
For sure this has to be it. Less distractions, less info, less choice, more control for them
It is enshittification. IDK why other comments are mad about calling that out but look up the term if unfamiliar. Corey Doctorow laid out a thesis a few years ago and , the trend has continued. It seems unabated 😡😰
It probably does in the short term (aka next quarter or two), which is all they care about. It takes awhile to hemorrhage users when one is so entrenched.