They are trying to make people spend on ads before the festive seasons as monetary policies tightened and marketing budget reduced. Their revenue probably experienced a drop or they witness a trend downwards.
If we take a hindsight and look. More people are using AI to answer questions instead of going into individual websites to dig for the answers. The search engines are likely heading towards a downtrend. Helpful content could be useful unique content for their Bard AI to scrape.
I tried the chatgpt tech advisor role and was astonishingly good.
If I'm right, search ads will get less important. The new max performance Google ads seem to combine display, and remarketing. The remarketing mechanism probably explain why they perform "great" in term of conversion, engagement and dwell time. It's a mixed bag of cookies with cocaine.
Social media ads may remain relevant but unfortunately for me, they give high visibility but high bounce rates.
My sites tanked in Sep, recovered in October and tanked again in November. No experts can confirm what really works these days and what used to work maybe counter effective.
Some guys like Kyle roof do experiments to monitor trends but don't see much solutions from him either.