Square is nowhere near the biggest offender of censorship of games, and honestly, their steps have all been really small compared to many others (Not to mention some stuff that honestly makes no sense people have complained about kind of muddied the waters of things they have done). This is why I think it's a really small factory in Square's current problems.
There's a large base of people ( Me included) that tend to steer away from companies that do this sort of thing. SE though has been rectifying some of that as last I checked their got rid of their DEI department.