When the original dev team moves on to other projects, the new guys just make minor tweaks and no major product changes happen. Big new feature releases do things like "we moved this tool from the edit menu to the file menu".
Sheets is cool, but, Excel and Word and Office365 are streets ahead of Workspace from an enterprise point of view. I've been a staunchly non-microsoft guy for years. When I was younger I was the guy writing it at Micro$oft or more likely Micro$shit. These days, managing multiple companies, some of which use Office and some which use Workspace I cringe when I need to deal with issues on the Workspace side. There are some things which Google does better. Generally APIs for the Office365 products are not as good as the APIs for the equivalent Sheets/Docs/etc product. I've done some fun/funky things with using Google sheets as an adhoc database. Put a "job" in a row in a Sheets sheet and a few minutes later something does your task and you can see the result in that sheet. Super easy to do with Sheets API, I've tried for years to get similar CRUD to work on Excel API and always hit roadblocks.
Office365 APIs for user management and groups and all the "AzureAD" stuff is absolutely top-notch.
Anything Google Cloud or cloud related, google wins hands down.
So many choices. No one product to rule them all.
Excel is probably one of the finest pieces of software devised. But not that part.
For whatever reason, I recently got Excel and... yeah - way better.
I mean, like I said, a lot of the complaints I have aren't really the fault of Workspaces.
We actually use the multiuser functionality of Sheets a lot but I still run into constant issues. And the fact a huge chunk of this crap does /not/ play nice with /multi-user local workstations/, in 2022, drives me bonkers.
It needs more resources not less, especially for the inbuilt fetching APIs, like Google finance