I pretty much declared streaming show bankruptcy after sitting through Severance season 2 last year.
I know a lot of people liked it and maybe I'm just cynical, but to me it seems like every "serious" streaming show eventually falls victim to the "stretch a 2 hour movie's plot across a 12 - 16 hour season" strategy. They know it works because enough people binge watch or feel compelled to finish a series they've started.
At this point, if I'm watching a show then it's something where the episodes are sufficiently satisfying self-contained stories (e.g. something like Star Trek, X-Files, sitcoms). If I want something with a more involved plot, then I'll watch a movie. These formats are better because the limited runtime requires the creators to be intentional about what they dedicate screen time to. Meanwhile in a modern "story-driven" streamslop show it's painfully obvious when they're just padding out the runtime with fluff to make it to 8 episodes.
Of course there are exceptions to this, and there are stories for which a miniseries or a long-form series is the ideal video medium to convey them. But what happens so often is that you get 1-2 seasons of compelling storytelling followed by N more mediocre seasons that keep getting made because enough people keep watching. And the latter are just not worth the time investment.
That is disheartening about Severance, I've been meaning to catch up on s2 after a phenomenal s1. But that you're totally on point about the padding. The last good series I saw that finished well was Mr Robot, getting closer to a decade ago now. No one knows how to write a well contained long running series anymore without stretching it with slop and content.