GW2 has been getting content from the Icebrood Saga (basically Living Story Season 5), and their new expansion End of Dragons was just announced yesterday.
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They are also pushing for a steam release, so they will rake a last pile of cash of this with the influx of new players, even when your statement is true.
Square enix knew of the arenanet layoffs in 2018/2019, then an announcement of taking GW2 into the sunset was made by them; they haven't had an expansion since 2017. They've been held by tape and spit with episodes for like 3+ years now. Their expansion announcement is them burning their last drops of fuel hoping for a miracle, notice how it was just an announcement.
They're really trying, eh? Funny.