Yeast follow the laws of natural selection.
As a cell is budding the new mass may have some minor defects / mutations. If those changes give the yeast an advantage to survive it will get passed on.
You can have noted changes in just a few generations.
I've observed in my own washing methods strains becoming less flocculant just because my washing method discards the first yeast cells to drop out.
Also many breweries refresh yeast after a few generations or brews. To put it simply: Not that it's unhealthy yeast but rather they've grown a generations of spoiled brats that have gotten lazy and simply just don't make good beer anymore.