You seem to be the only one mentioning this. And I think it is important to stress.
Browser engines[1] are hard to get right. But not impossible.
Google did a great job with the Blink engine. So much so that even Microsoft caved in and is using it now. So Chrome-ish might seem the better option.
So should we cry that Mozilla is imploding under years of bad leadership? Yes! They are the main driver behind Gecko engine and it will likely suffer for it over time.
The good news is that we like with chrome-ish (blink based) browsers (such as Thorium) have a number of options. Librewolf, Waterfox and Floorp are all nice and usable cross platform implementations using the Gecko engine. On your Android device you can stay on Gecko with Waterfox or IronWolf.
Gecko will not implode from one day to another even if Mozilla does. And even if Mozilla does then maybe the community can pick up the pieces. But it will be a tough job.
There is then a risk of monopoly which is never good. It is then very positive as you state that Ladybird is getting velocity[2]. They target alpha in 2026, beta in 2027 with general release in 2028. This is seriously good news which cannot be understated. We have hope! People who care should really follow Andreas updates on Youtube[3]. So while 2028 seems far away you will see that they have already gotten very far and have a good trajectory.
A few years ago when Microsoft gave up and went with Blink I was really worried as Mozilla has been in a downwards spiral for years. But Ladybird (and by extension LibWeb) gives me reason for optimism.