This predicts the death of the need for office-side workers. Large, expensive commercial centers full of IT staff and office staff have been shown it's not needed. But IT includes data center maintenance and management. It includes people who can manage access, ensure end users have properly configured hardware, and monitor/maintain local infrastructure.
But for organizations that CAN run in the cloud, it probably significantly reduces the need of large IT staffing operations. This shouldn't surprise anyone. Automation is going to replace EVERYONE wherever possible. You, me, the accountant, the low level and mid-level managers, and so on and so forth. This is why economists and technologists have been saying for the last decade that we need to plan for a workforce that is largely unnecessary. What will be around will be mostly highly creation focused jobs (engineering, advanced/research-oriented programmers, designers, musicians, artists, etc) and service jobs (gig jobs, customer service, hospitality, etc) and leadership jobs. The problem is that those jobs are all getting automation and automated tools to help them be more productive so any current business model will want to forego hiring as many.
And what new jobs will be created not be as numerous and probably be better paying until it too can be automated and so on and so forth. This is technological progress and has been for all time. The time is coming that we need to begin planning a whole new way of living.