Why would they? WoW still is the most popular MMO, even with a subscription. It has three major rivals: FF14 (subscription-based), ESO (pseudo-subscription), and GW2 (I don't remember if they have a premium subscription). If you consider PvP, there's BDO, which has gained more popularity recently, but that game also has a basically mandatory premium subscription fee.
So, for what reasonable reason would they go free-to-play? WoW is a Massively Multiplayer Online Role-Playing Game (MMORPG); it is not a Multiplayer Online Battle Arena (MOBA) or Battle Royale. It doesn't need to go free-to-play to compete against the other rivals in the market. I could see us getting a new tier in the Game Pass that includes WoW, but that will only happen next year, as Spencer said that they will not be announcing anything of the sorts this year.

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