It just came to me from Ben Riggs ... I'm going to read it exactly as I received it: Multiple independent sources with knowledge of the situation say that the team in charge of production and distribution of physical DND books was laid off in December 2023. So that's the previous round of cuts. Now I'm not a journalist, but Ben is, so I consider that solid.
Are there any 5.5 physical sourcebooks? Were they ever planned at all?
I haven't been following One D&D news, but I got the impression they were focusing on a subscription-only model, so I've been planning to stick with my 5e books or switch to an ORC-licensed system.
I think you've grasped the essentials of Hasbro's general direction of thinking. (Not that I think moving steadily away from physical towards online is inherently a bad thing, but I think that under this leadership it's likely to be coupled with a general threat of crappiness and monetization.)
If WOTC adopts the subscription-only model, remember, you can save each chapter of the digital books in PDF by pressing Ctrl+P in the PC browser. Then just unsubscribe, screw them