That pattern, called short-cycling, usually points to a failing pressure tank rather than the pump itself. When the tank’s air bladder loses its charge, the pump turns on and off far more often than it should, which shortens the pump’s own working life over time.
A pump that has simply lost overall pressure, rather than cycling, is more likely a wear issue with the pump itself or a problem at the well casing, both of which are checked separately during a diagnosis.
Either failure mode is worth addressing promptly, since a struggling pump tends to draw more power and wear down faster the longer it runs in a compromised state, turning a moderate repair into a full replacement if it is left alone. Confirming which pattern you are actually seeing before the visit, short-cycling or a steady pressure drop, helps narrow the likely cause ahead of time.