With Fallout 5 Coming, Bethesda Boss Explains Why Its Games Take So Long To Make
Briefly

Development times can vary for a variety of reasons. Bethesda spent a good amount of time on Starfield 'updating and developing' the underlying technology for the sci-fi game.
Bethesda paused development on Starfield to 'assist with Fallout 76.' It sounds like Bethesda diverted some studio resources to help get it back in shape.
A game's development timeline always comes down to the 'most important resource of all,' and that's the people making the game. Talented folks need time to make great stuff.
The COVID pandemic 'really affected development for every studio.' Transitioning to fully remote during that time took time to adjust to, making games developed during that time tend to take longer.
Read at GameSpot
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