Them calling it a stat squish wasn’t exactly true either. It was a comprehensive rework. A squish implies everything gets nerfed by the same rate, to maintain the status quo on a smaller scale.
Not only do these crazy multiplicative glyphs boost damage higher than ever before but not everything was nerfed by an equal amount. They call it a stat squish because they just did how many reworks in a row and it makes them look indecisive, maybe incompetent if they have to rework again. So they PR term it to mitigate the annoyance/loss of faith.
It’s a complete rework, that’s what they did.