Yes :)

But really depends. I saw somewhere NPR lost 70 years of content doe to a Cloud bill not being paid on time or something ? I forgot the details.

I am sure there will be more of this since companies are depending on the Cloud for their data storage. Now with AI, who knows what will happen. I expect Cloud Admin people will eventually be replaced by some AI type system.

Companies really should backup all data and send off-site. But that will never happen because god-forbid, they will need to hire a real person.